Specialized talent solutions company Robert Half (NYSE:RHI) will be reporting results tomorrow after the bell. Here’s what to expect.
Robert Half met analysts’ revenue expectations last quarter, reporting revenues of $1.38 billion, down 6.1% year on year. It was a slower quarter for the company, with a miss of analysts’ EPS estimates.
Is Robert Half a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Robert Half’s revenue to decline 4.2% year on year to $1.41 billion, improving from the 14% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Robert Half has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Robert Half’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ManpowerGroup’s revenues decreased 7.1% year on year, beating analysts’ expectations by 2.9%, and Concentrix reported a revenue decline of 1.3%, in line with consensus estimates. ManpowerGroup traded down 19.2% following the results while Concentrix was up 42.3%.
Read our full analysis of ManpowerGroup’s results here and Concentrix’s results here.
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