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
Metric
Beat/Miss
Actual
Consensus 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
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(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.)