Specialized talent solutions company Robert Half (NYSE:RHI) will be reporting earnings this Thursday after market close. Here’s what you need to know.
Robert Half met analysts’ revenue expectations last quarter, reporting revenues of $1.35 billion, down 7.5% year on year. It was a mixed quarter for the company, with EPS in line with analysts’ estimates but revenue in line with analysts’ 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, analysts are expecting Robert Half’s revenue to decline 6.8% year on year to $1.29 billion, in line with the 6.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 per share.
Analysts covering the company have generally 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 five times over the last two years.
Looking at Robert Half’s peers in the professional services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Booz Allen Hamilton’s revenues decreased 10.2% year on year, missing analysts’ expectations by 3.8%, and Concentrix reported revenues up 4.3%, topping estimates by 0.7%. Booz Allen Hamilton traded down 1.9% following the results while Concentrix was up 2.3%.
Read our full analysis of Booz Allen Hamilton’s results here and Concentrix’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 2.2% on average over the last month. Robert Half’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $30.67 (compared to the current share price of $27.80).
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