S&P 500 (NYSE:SPY) component Robert Half International, Inc. (NYSE:RHI) will unveil its latest earnings on Wednesday, July 20, 2011. Robert Half International Inc. 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 estimate of analysts is for profit of 22 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 96 cents per share, a rise of more than twofold from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 18 cents per share against a mean estimate of net income of 17 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $906.8 million in revenue this quarter, a rise of 17.9% from the year ago quarter. Analysts are forecasting total revenue of $3.69 billion for the year, a rise of 16% from last year’s revenue of $3.18 billion.
Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and three rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than threefold while it rose 83.2% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 19.5% to $880.9 million in first quarter. The figure rose 15.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 12.6% in the third quarter of the last fiscal year from the year-ago quarter and 2.6% in the second quarter of the last fiscal year.
Competitors to Watch: Kelly Services, Inc. (NASDAQ:KELYA), ManpowerGroup (NYSE:MAN), Kforce Inc. (NASDAQ:KFRC), SFN Group Inc (NYSE:SFN), Barrett Business Services, Inc. (NASDAQ:BBSI), Volt Information Sciences, Inc. (NYSE:VOL), TrueBlue, Inc. (NYSE:TBI), and CDI Corp. (NYSE:CDI).
Stock Price Performance: During April 18, 2011 to July 14, 2011, the stock price had fallen $3.75 (-12.9%) from $29.07 to $25.32. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 4, 2011 when shares rose for six-straight days, rising 9.2% (+$2.81) over that span. It saw one of its worst periods between April 29, 2011 and May 9, 2011 when shares fell for seven-straight days, falling 5.1% (-$1.53) over that span. Shares are down $4.99 (-16.5%) year to date.
(Source: Xignite Financials)
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