S&P 500 (NYSE:SPY) component Robert Half International Inc. (NYSE:RHI) will unveil its latest earnings on Tuesday, July 24, 2012. Robert Half International offers specialized staffing and risk consulting services in North America, South America, Europe, Asia and Australia.
Robert Half International Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 35 cents per share, a rise of 40% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 32 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 35 cents during the last month. Analysts are projecting profit to rise by 41.3% compared to last year’s $1.47.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 34 cents per share against a mean estimate of net income of 28 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
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A Look Back: In the first quarter, profit rose 81% to $48.3 million (34 cents a share) from $26.7 million (18 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.3% to $1.02 billion from $880.9 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 10.9% in revenue from the year-earlier quarter to $1.04 billion.
Stock Price Performance: Between July 12, 2012 and July 18, 2012, the stock price rose 94 cents (3.4%), from $27.68 to $28.62. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 10.8% (+$3.01) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 19% (-$5.21) over that span.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 18% over the last four quarters.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose more than twofold in the third quarter of the last fiscal year and 71.9% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.21 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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