- Robert Half Inc’s Q3 earnings per share (EPS) stood at 64 cents, surpassing the estimate of 62 cents, though it decreased from 90 cents year-over-year.
- The company’s revenue was $1.47 billion, which is a 6.3% decrease from last year but above the estimate of $1.43 billion.
- Contract talent solutions revenue amounted to $830.4 million, marking a 12% decline compared to the previous year, yet slightly better than the estimated $815.6 million.
- Permanent placement staffing revenue was $123.3 million, also down 12% year-over-year, slightly missing the estimate of $126.4 million.
- Protiviti, a segment of the company, reported a revenue of $511.3 million, showing a 6.4% increase year-over-year and exceeding the estimate of $487.7 million.
- Robert Half Inc’s gross profit reached $571.7 million, a decrease of 11% from the previous year but slightly above the estimate of $570.5 million.
- The investment community shows mixed reactions with 3 buy ratings, 6 hold ratings, and 5 sell ratings for the company.
Robert Half Intl on Smartkarma
Analysts on the independent research network Smartkarma, like Baptista Research, have provided coverage on Robert Half International Inc. Baptista Research published a report titled “Robert Half International Inc.: Initiation Of Coverage – Geographic Realignment and Global Growth Efforts! – Major Drivers.” The report discusses how Robert Half, a global provider of specialized staffing and consulting services, faced challenges reflected in its second quarter 2024 earnings. The company reported a 10% decrease in consolidated revenues compared to the previous year, attributing this decline to industry trends impacted by macroeconomic uncertainties and interest rate concerns.
A look at Robert Half Intl Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Robert Half International, the company appears to have a positive long-term outlook. With solid scores in Dividend, Resilience, and Momentum, Robert Half International is positioning itself well in the market. The company’s strong Dividend score indicates a stable dividend payment to investors, while its Resilience and Momentum scores suggest a robust and growing business model.
Furthermore, with moderate scores in Value and Growth, Robert Half International is showing promising signs of potential growth and value in the future. Overall, these Smart Scores paint a picture of a company that is well-rounded and has the potential for steady growth and returns over the long term.
Summary: Robert Half International, Inc. provides a range of temporary and permanent staffing services across various industries. The company offers staffing solutions for accounting and finance professionals, administrative support personnel, IT professionals, legal professionals, and creative professionals such as those in advertising, marketing, and web design.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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