-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：CHRW第一季業績喜憂參半，調整後每股收益年增15.4%至1.35美元，超出市場預期10%；營收持平於40億美元，低於預期4000萬美元。儘管營收面臨挑戰，調整後營業利益率仍成長30個基點至26.6%，員工人數減少12.3%，這得益於營運轉型持續提升效率。該公司在NAST市場連續第12季實現市佔率成長，貨運量與Cass Freight Shipment Index指數6.2%的降幅持平，展現了其競爭優勢。管理層嚴格的成本控制策略使營運支出減少2.3%至4.848億美元，並透過股票回購和分紅向股東返還了3.598億美元。我們認為充滿挑戰的貨運市場環境為 CHRW 提供了一個超越競爭對手的機會，因為貨運量持續疲軟和現貨成本波動給同行帶來了困難，而 CHRW 的轉型使其能夠在這種艱難的環境中獲得市場份額。
Related Articles
Asia
Dateline Resources Reports AU$96 Million Cash at Hand, Advances US Project BFS
Dateline Resources (ASX:DTR) completed a AU$50 million placement after the end of the March quarter, taking cash at hand, before costs, to AU$96 million to advance pre-construction activities at the Colosseum project in the US, according to a Thursday Australian bourse filing.The company said that the June quarter will see the release of the Colosseum gold bankable feasibility study and the rapid transition to project financing and planned construction, while exploration drilling will continue on the rare earths and gold targets at Colosseum with multiple rigs operating around the clock.At Music Valley, the geophysical interpretation will be used to guide the next phase of ground exploration, the filing added.
$ASX:DTR
Research
Research Alert: CFRA Keeps Hold Rating On Shares Of Automatic Data Processing, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $50 to $235, valuing shares at 20.1x our next-12-month EPS estimate, a discount to ADP's five-year average forward P/E of 28.5x. We increase our FY 26 EPS estimate by $0.06 to $11.05 and keep FY 27's at $11.94 on respective revenue forecasts of $21.87B (+6%) and $23.03B (+5%). Management's raised guidance across multiple metrics reflects growing confidence in the business model's resilience and the client funds strategy's trajectory. The company increased full-year FY 26 revenue growth expectations to 6%-7% (from approximately 6%) and adjusted diluted EPS growth to 10%-11% (from 9%-10%). Additionally, management raised adjusted EBIT margin expansion guidance to 70 bps-80 bps (from 50 bps-70 bps) and improved U.S. pays per control expectations to approximately 1% (from flat), suggesting continued cautious optimism about employment trends while maintaining focus on the client funds investment strategy as the primary value driver.
$ADP
Asia
ASX Preview: Australian Shares Set to Fall as Oil Surges on Supply Fears; Capstone Copper Posts Higher Q1 Adjusted Earnings, Revenue
Australian shares are poised to fall on Thursday as oil prices surged more than 6% overnight on renewed Middle East supply concerns and a larger-than-expected draw in US crude inventories.Investors also weighed the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries, adding longer-term uncertainty to global supply dynamics and inflation pressures.Overnight, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 and the Nasdaq Composite closed flat.In the macroeconomy, Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales. However, higher fuel prices amid the conflict in the Middle East pose a key risk, Xero said Thursday.Australia's international trade price indexes report is due at 11:30 am Sydney time.In corporate news, Capstone Copper (ASX:CSC) reported Thursday first-quarter adjusted earnings of $0.12 per share on revenue of $652.5 million, compared with adjusted earnings of $0.01 on revenue of $533.3 million a year earlier.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier.Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period.Australia's benchmark index fell 0.3% or 23.7 points to close at 8,687 on Wednesday.
$^AXJO$ASX:CSC$ASX:MIN$ASX:WOW