C.H. Robinson Worldwide Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

C.H. Robinson Worldwide (NASDAQ:CHRW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.64b (up 7.0% from 3Q 2023).
• Net income: US$97.2m (up 19% from 3Q 2023).
• Profit margin: 2.1% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.81 (up from US$0.69 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

C.H. Robinson Worldwide Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for C.H. Robinson Worldwide you should be aware of, and 1 of them makes us a bit uncomfortable.

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