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RHI — Robert Half News Story

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Robert Half Q1 net income falls year over year

Overview

Talent solutions provider's Q1 revenue declined 4% yr/yr on a reported basis

Q1 net income and EPS fell compared to prior yr

Company says talent solutions saw positive sequential growth and improving revenue trends

Outlook

Company says market conditions are becoming increasingly conducive to its business

Company notes revenue trends strengthened as the quarter progressed and into early April

Result Drivers

SEQUENTIAL GROWTH IN TALENT SOLUTIONS - Co said talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant currency basis

Company press release: ID:nCNWNGjL0a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$0.14
Q1 Net Income$13.79 mln
Q1 Pretax Profit$31.44 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 $26.00, about 11.8% below its April 22 closing price of $29.47 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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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