I reiterate my sell rating for Robert Half Inc. due to poor near-term earnings outlook and lackluster topline performance. RHI's 3Q24 results showed a 6.3% revenue decline and a 29.2% drop in adjusted EPS, highlighting ongoing challenges. With high market expectations and a forward PE of ~21x, I advise against investing now.
RHI's third-quarter 2024 revenues decrease year over year.
Robert Half Inc. (NYSE:RHI ) Q3 2024 Earnings Conference Call October 22, 2024 5:00 PM ET Company Participants Keith Waddell - President and Chief Executive Officer Michael Buckley - Chief Financial Officer Conference Call Participants Andrew Steinerman - JPMorgan Mark Marcon - Robert W. Baird Company Princy Thomas - Barclays Trevor Romeo - William Blair Tobey Sommer - Truist George Tong - Goldman Sachs Stephanie Moore - Jefferies Operator Hello, and welcome to the Robert Half Third Quarter 2024 Conference Call.
Although the revenue and EPS for Robert Half (RHI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Robert Half (RHI) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.90 per share a year ago.
Evaluate the expected performance of Robert Half (RHI) for the quarter ended September 2024, 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?
Investors with an interest in Staffing Firms stocks have likely encountered both Kelly Services (KELYA) and Robert Half (RHI). But which of these two stocks offers value investors a better bang for their buck right now?
Investors interested in Staffing Firms stocks are likely familiar with Kelly Services (KELYA) and Robert Half (RHI). But which of these two companies is the best option for those looking for undervalued stocks?
This ended a streak of beat with a recent miss and earnings estimates have dropped as a result.
Sell rating recommended for Robert Half Inc. due to poor revenue growth outlook and high fixed cost base. 2Q24 results showed a significant decline in revenue and EBIT margins, with a bleak outlook for the near-term due to macroeconomic uncertainties. RHI is trading at a premium valuation compared to its historical average and peers, with potential for multiples to fall if earnings remain poor.
Robert Half's (RHI) second-quarter 2024 revenues decrease year over year.