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RHI — Robert Half News Story

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Robert Half Q4 revenue slightly beats expectations

Overview

Talent solutions provider's Q4 revenue slightly beat analyst expectations

Net income for Q4 fell compared to last year

Company reports positive sequential growth in talent solutions and enterprise revenues

Result Drivers

SEQUENTIAL GROWTH - Co reported positive sequential growth in talent solutions and enterprise revenues on a same-day constant currency basis for the first time in over three years

POSITIVE REVENUE TRENDS - Co noted positive weekly revenue trends during Q4, extending into January

GUIDANCE EXCEEDED - Co's revenues and earnings exceeded the midpoint of its previous fourth-quarter guidance

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSlight Beat*$1.3 bln$1.29 bln (7 Analysts)
Q4 EPS$0.32
Q4 Net Income$31.76 mln
Q4 Pretax Profit$46.92 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. 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 5 "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 $29.00, about 7.6% above its January 28 closing price of $26.95 The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago Press Release: ID:nCNWYsDL9a 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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