Robert Half (RHI) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.61 per share a year ago.
Evaluate the expected performance of Robert Half (RHI) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Robert Half (RHI) reported earnings 30 days ago. What's next for the stock?
I reiterate my sell rating for Robert Half stock due to ongoing struggles and an unclear recovery timeline, with 4Q24 results reinforcing this view. RHI's revenue declined for the 8th consecutive quarter, with significant drops in contract staffing and permanent placement segments, despite a slight growth in Protiviti revenue. Margins continue to suffer, with a 260 bps y/y decline in EBIT margin and further downside expected in 1Q25, highlighting negative operating leverage.
Robert Half: Weak Margins Weigh On Results Even As Revenue Nears A Floor
RHI's fourth-quarter 2024 revenues and earnings decrease year over year.
Robert Half Inc. (NYSE:RHI ) Q4 2024 Earnings Conference Call January 29, 2025 5:00 PM ET Company Participants Keith Waddell - President and Chief Executive Officer Michael Buckley - Chief Financial Officer Conference Call Participants Mark Marcon - Baird Andrew Steinerman - JPMorgan Trevor Romeo - William Blair Manav Patnaik - Barclays Stephanie Moore - Jefferies George Tong - Goldman Sachs Kevin Mcveigh - UBS Jeff Silber - BMO Capital Markets Kartik Mehta - Northcoast Research Tobey Sommer - Truist Securities Operator Please standby. Hello, and welcome to the Robert Half Fourth Quarter 2024 Conference Call.
The headline numbers for Robert Half (RHI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Robert Half (RHI) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.83 per share a year ago.
The RHI stock is benefiting from the rise in Protiviti's revenues and shareholder-friendly policies.
Robert Half faces declining revenues and increasing operational costs as skilled labor demand higher compensation and more flexible working arrangements. The Protiviti business unit shows promise for future growth with a focus on advanced technology skills. Robert Half offers a 3.2% dividend yield growing at 11.3% annually, appealing to income-seeking investors.
Robert Half's stock is benefiting from Protiviti's ability for AI adoption and implementation of Azure-based solutions.