Robert Half International Earnings: Here’s Why Investors are Buying Shares Now
Robert Half International Inc. (NYSE:RHI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.24%.
Robert Half International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.05% to $0.46 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 3.39% to $1.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Robert Half International Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.43. It beat the average revenue estimate of $1.05 billion.
Quoting Management: Harold M. Messmer, Jr., chairman and CEO of Robert Half International, said: “Robert Half saw continued demand for our professional services during the quarter, and we were pleased with the company’s overall performance. Revenue growth was concentrated in the United States, which has been the case for the past several quarters. Within our staffing lines of business, our Robert Half Technology division reported the most sizable revenue gains. Protiviti also had another excellent quarter, with revenues reaching their highest level since the fourth quarter of 2007.”
Key Stats (on next page)…
Revenue increased 3.86% from $1.02 billion in the previous quarter. EPS increased 15% from $0.40 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.47 and has not changed. For the current year, the average estimate has moved down from a profit of $1.81 to a profit of $1.80 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)