Specialized talent solutions company Robert Half (NYSE: RHI) will be reporting earnings this Wednesday after market close. Here’s what you need to know.
Robert Half missed analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $1.35 billion, down 8.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Robert Half a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Robert Half’s revenue to decline 8% year on year to $1.35 billion, improving from the 10.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.
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 four times over the last two years.
Looking at Robert Half’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. ManpowerGroup posted flat year-on-year revenue, beating analysts’ expectations by 3.6%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. ManpowerGroup’s stock price was unchanged after the resultswhile Concentrix was down 6.3%.
Read our full analysis of ManpowerGroup’s results here and Concentrix’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 4.5% on average over the last month. Robert Half is up 3.6% during the same time and is heading into earnings with an average analyst price target of $45.44 (compared to the current share price of $41.80).
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