If you're trying to build your earnings season watchlist by looking for stocks setting up in a base ahead of earnings, here's one that fits the bill: C.H. Robinson Worldwide. It's expected to report on July 27 and is trading about 12% below a 116.09 entry. The entry is based on a first-stage consolidation, a bullish sign. Stocks that break out of early stage bases stand a higher chance to succeed. C.H. Robinson stock eased fractionally Monday afternoon, to 101.60.
C.H. Robinson Stock Buoyed Amid Supply Chain Recovery
C.H. Robinson Worldwide provides freight transportation logistics to a variety of industries, including trucking firms and ocean shippers. Its services are in high demand as the economy struggles to work through supply chain blockages that set in during the pandemic.
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Last quarter, the Eden Prairie, Minn.-based company's earnings per share surged 60% to $2.05, while sales grew 42% to $6.82 billion. Its EPS grew 36%, 85% and 61% the prior three stanzas. Analysts are looking for earnings-per-share growth of 37% when it reports second quarter results on the 27th, and 19% growth for the full year.
C.H. Robinson stock has a 91 Composite Rating, putting it in the top 9% of all stocks on a group of key fundamental and technical metrics. Its EPS Rating is also a lofty 91. And its C+ Accumulation/Distribution Rating shows mutual funds, ETFs and other institutional investors are buying more shares than selling.
Additionally, C.H. Robinson stock earns the No. 4 rank among its peers in the Transportation-Logistics industry group. Hub Group is the No. 1-ranked stock within the group.
Keep in mind that buying just before a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can reduce your exposure by waiting to see the actual numbers and the market's reaction.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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