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RHI — Robert Half News Story

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Brief: Robert Half Q2 EPS USD 0.41

Overview

Robert Half Q2 global enterprise revenue of $1.37 bln beats analyst expectations, per LSEG data

The recruiter's net income for Q2 falls to $41 mln from $68 mln year-over-year

Company cites global economic uncertainty impacting client and job seeker behavior

Result Drivers

ECONOMIC UNCERTAINTY - Persistent global economic uncertainty led to cautious client and job seeker behavior, extending decision cycles and reducing hiring activity, per CEO M. Keith Waddell

REVENUE STABILIZATION - Revenue levels fell modestly in the first two months of Q2 but stabilized at lower levels in June, according to CEO M. Keith Waddell

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$1.37 bln$1.35 bln (8 Analysts)
Q2 EPS$0.41
Q2 Pretax Profit$61.43 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell" The average consensus recommendation for the employment services peer group is "buy." Wall Street's median 12-month price target for Robert Half Inc is $45.50, about 6.2% above its July 22 closing price of $42.67 The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago Press Release: ID:nPnb49qp2a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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