Staffing firm Robert Half Q3 net income falls on subdued hiring activity

Robert Half

22/10/2025 21:23

Overview

Robert Half Q3 revenue of $1.354 bln missed analyst expectations

Net income for Q3 declined yr/yr due to subdued hiring activity and project starts

Company sees sequential growth in contract talent revenues in September and October

Outlook

Robert Half expects Q4 revenue to return to sequential growth on a same-day constant currency basis

Company sees encouraging trends in contract talent revenues, growing sequentially in September and October

Result Drivers

CLIENT CAUTION - Subdued hiring activity and project starts due to client and job seeker caution, per CEO M. Keith Waddell

CONTRACT TALENT REVENUE - Sequential growth in contract talent revenues observed in September and October

SEQUENTIAL GROWTH EXPECTATION - Co expects sequential revenue growth in Q4 for the first time since Q2 2022

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight miss*
$1.35 bln
$1.36 bln (8 Analysts)
Q3 EPS
$0.43
Q3 Net Income
$42.91 mln
Q3 Pretax Profit
$63.71 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 $40.00, about 22.5% above its October 21 closing price of $30.98

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

* Applies to a deviation of less than 1%; not applicable for per-share numbers.

Press Release: ID:nCNWlGB3Ha

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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.)