Analysts Predict Decline in Robert Half's (RHI) Quarterly Earnings: What Investors Should Know
Wall Street analysts anticipate that Robert Half (RHI) will announce quarterly earnings of $0.82 per share in its upcoming report, marking a decrease of 40.2% year over year. Revenue projections stand at $1.47 billion, reflecting a 15.1% decline from the same quarter last year.
In the past 30 days, there has been a slight upward revision of 0.3% in the consensus EPS estimate for the quarter. This indicates that analysts have reevaluated their initial forecasts during this period.
Changes in earnings estimates are crucial to consider ahead of a company's earnings disclosure as they often influence investor reactions to the stock. Studies consistently show a strong relationship between trends in earnings estimate revisions and short-term price performance.
While consensus earnings and revenue estimates provide insight into business performance, analyzing analysts' forecasts for key metrics offers a more comprehensive understanding.
Let's delve into the average estimates of key metrics for Robert Half commonly tracked by Wall Street analysts:
- 'Service Revenue- Protiviti': Estimated at $454.37 million, indicating a year-over-year change of -9%.
- 'Service Revenue- Technology': Forecasted to reach $170.39 million, reflecting a change of -18.5% from the prior-year quarter.
- 'Service Revenue- Finance & Accounting': Expected to be $669.76 million, suggesting a change of -12.7% year over year.
- 'Gross margin- Protiviti': Predicted to be $119.36 million, compared to $135.75 million reported in the same quarter last year.
Robert Half shares have declined by -6.9% in the past month, contrasting with the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), RHI is expected to closely follow the overall market performance in the near term.
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