Robert Half (RHI) Q1 Earnings Report Preview: What To Look For
Specialized talent solutions company Robert Half (NYSE:RHI) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.
Robert Half beat analysts’ revenue expectations last quarter, reporting revenues of $1.30 billion, down 5.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is Robert Half a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Robert Half’s revenue to decline 3.6% year on year, improving from the 8.4% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Robert Half has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Robert Half’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ManpowerGroup delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 2.1%, and Marsh reported revenues up 7.6%, topping estimates by 2.9%. ManpowerGroup traded up 1.3% following the results while Marsh’s stock price was unchanged.
Read our full analysis of ManpowerGroup’s results here and Marsh’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 10.8% on average over the last month. Robert Half is up 17.6% during the same time and is heading into earnings with an average analyst price target of $30 (compared to the current share price of $29.19).
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