Robert Walters Past Earnings Performance
Past criteria checks 0/6
Robert Walters's earnings have been declining at an average annual rate of -46.5%, while the Professional Services industry saw earnings growing at 9.6% annually. Revenues have been declining at an average rate of 2.7% per year.
Key information
-46.47%
Earnings growth rate
-46.31%
EPS growth rate
| Professional Services Industry Growth | 12.81% |
| Revenue growth rate | -2.73% |
| Return on equity | -26.48% |
| Net Margin | -3.43% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • May 25
RWA: Interim CFO Experience Will Support Rebound As Earnings Profile Improves
Analysts have adjusted their price target on Robert Walters to £2.25, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E, which together indicate a refined view of the stock’s risk and earnings profile. What's in the News Chief Financial Officer David Bower has decided to retire and step down from the Board, with the change effective from March 30, 2026, while remaining available through a transition period (Key Developments).Narrative Update • Apr 26
RWA: Interim CFO Transition Will Support Rebound As Discount Rate Eases
Analysts have made a small adjustment to their price target for Robert Walters to £2.25, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E, while keeping their overall fair value view unchanged. What's in the News Chief Financial Officer David Bower has decided to retire and step down from the Board, with the change effective from March 30, 2026 (Key Developments).Narrative Update • Apr 11
RWA: Higher Required Return Will Support Rebound As Interim CFO Provides Continuity
Analysts have nudged their price target on Robert Walters slightly higher to £20.62 from £19.96, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior expectations. What's in the News Chief Financial Officer David Bower has decided to retire and step down from the Board, with a transition period during which he will remain available to the business (Key Developments).
New Narrative • Apr 10
Outsourcing Headwinds And AI Pressure Will Persist Yet Earnings Recovery Will Eventually Emerge
Catalysts About Robert Walters Robert Walters is a global specialist recruitment and talent solutions firm focused on mid to senior professional roles across permanent, temporary, outsourcing, consultancy and talent advisory services. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 27
RWA: Higher Required Return Will Support Rebound On Modestly Lower Future P/E
Analysts have trimmed their price target on Robert Walters by £0.54. This reflects a slightly higher assumed discount rate and a more conservative future P/E multiple, partly offset by modestly adjusted revenue growth and profit margin expectations.Narrative Update • Mar 13
RWA: Higher Required Return Will Support Rebound Despite Lower Future P/E
Analysts have adjusted their fair value estimate for Robert Walters from £2.30 to £2.25, reflecting updated assumptions for revenue growth, profit margins, and a lower future P/E multiple that are now incorporated into their price targets. Valuation Changes Fair Value: reduced slightly from £2.30 to £2.25 per share.
Narrative Update • Feb 27
RWA: Higher Discount Rate And Lower P/E Will Support Future Entry Opportunity
Analysts have trimmed their price target on Robert Walters to £2.70 from £2.79, reflecting updated views on discount rates, profit margins and forward P/E assumptions rather than any new company specific news flow. Valuation Changes Fair Value: £2.12 per share is unchanged.Narrative Update • Feb 13
RWA: Higher Future P/E Will Support Rebound Despite Weaker Profit Outlook
Analysts have cut their price target on Robert Walters, reflecting updated views on fair value at £3.50 versus £2.30, a higher discount rate of 8.45% versus 9.70%, weaker revenue growth expectations of 0.40% versus a 3.30% decline, slimmer profit margins of 2.70% versus 0.63%, and a higher future P/E of 11.90x versus 41.73x. Valuation Changes Fair Value: revised from £3.50 to £2.30, indicating a lower assessed share value in the updated view.Narrative Update • Jan 29
RWA: Higher Discount Rate Will Still Offer Attractive Future Entry Opportunity
Analysts have trimmed their price target for Robert Walters, citing updated fair value estimates, a higher discount rate, and revised assumptions for revenue, profit margins, and future P/E. Taken together, these factors point to a slightly lower valuation in currency terms.Narrative Update • Jan 15
RWA: Higher Discount Rate Will Present Future Entry Opportunity For Undervalued Shares
Analysts have reduced their price target on Robert Walters, citing a lower fair value estimate along with changes in the assumed discount rate, revenue growth, profit margin and future P/E, which together indicate a more cautious outlook on the shares. Valuation Changes Fair Value: reduced from 2.9 to 2.18333, indicating a lower implied valuation for the shares.Analysis Article • Nov 29
Is Robert Walters (LON:RWA) Using Debt Sensibly?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 24
Investors Don't See Light At End Of Robert Walters plc's (LON:RWA) Tunnel
When close to half the companies operating in the Professional Services industry in the United Kingdom have...Analysis Article • Jun 24
Robert Walters (LON:RWA) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Mar 14
Revenues Working Against Robert Walters plc's (LON:RWA) Share Price Following 26% Dive
Unfortunately for some shareholders, the Robert Walters plc ( LON:RWA ) share price has dived 26% in the last thirty...
New Narrative • Mar 09
Investing In AI And Expanding Into Japan Will Drive Future Success
Emphasis on operational efficiencies and strategic investments are poised to improve margins and profitability by reducing costs and enhancing productivity.Analysis Article • Sep 06
At UK£3.40, Is It Time To Put Robert Walters plc (LON:RWA) On Your Watch List?
Robert Walters plc ( LON:RWA ), might not be a large cap stock, but it saw significant share price movement during...Analysis Article • Aug 19
Robert Walters' (LON:RWA) Dividend Will Be £0.065
Robert Walters plc's ( LON:RWA ) investors are due to receive a payment of £0.065 per share on 27th of September. This...Analysis Article • May 22
These 4 Measures Indicate That Robert Walters (LON:RWA) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Apr 26
Robert Walters' (LON:RWA) Dividend Will Be £0.17
Robert Walters plc ( LON:RWA ) will pay a dividend of £0.17 on the 31st of May. Based on this payment, the dividend...Analysis Article • Mar 29
Robert Walters (LON:RWA) Has Affirmed Its Dividend Of £0.17
The board of Robert Walters plc ( LON:RWA ) has announced that it will pay a dividend of £0.17 per share on the 31st of...Analysis Article • Mar 20
Robert Walters plc (LON:RWA) Analysts Are More Bearish Than They Used To Be
One thing we could say about the analysts on Robert Walters plc ( LON:RWA ) - they aren't optimistic, having just made...Analysis Article • Mar 15
Robert Walters' (LON:RWA) Soft Earnings Are Actually Better Than They Appear
Soft earnings didn't appear to concern Robert Walters plc's ( LON:RWA ) shareholders over the last week. We did some...Analysis Article • Mar 13
Robert Walters (LON:RWA) Has Announced A Dividend Of £0.17
Robert Walters plc's ( LON:RWA ) investors are due to receive a payment of £0.17 per share on 31st of May. The dividend...Analysis Article • Jan 10
Is Now An Opportune Moment To Examine Robert Walters plc (LON:RWA)?
Robert Walters plc ( LON:RWA ), might not be a large cap stock, but it saw a decent share price growth of 13% on the...Analysis Article • Oct 07
Is Now An Opportune Moment To Examine Robert Walters plc (LON:RWA)?
Robert Walters plc ( LON:RWA ), might not be a large cap stock, but it saw significant share price movement during...Analysis Article • Jun 06
Returns On Capital Signal Tricky Times Ahead For Robert Walters (LON:RWA)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Analysis Article • Apr 05
Robert Walters (LON:RWA) Will Pay A Larger Dividend Than Last Year At £0.17
Robert Walters plc ( LON:RWA ) will increase its dividend from last year's comparable payment on the 26th of May to...Analysis Article • Mar 13
Robert Walters' (LON:RWA) Dividend Will Be Increased To £0.17
Robert Walters plc ( LON:RWA ) will increase its dividend from last year's comparable payment on the 26th of May to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Robert Walters makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 781 | -27 | 289 | 0 |
| 30 Sep 25 | 808 | -21 | 294 | 0 |
| 30 Jun 25 | 836 | -15 | 298 | 0 |
| 31 Mar 25 | 864 | -10 | 307 | 0 |
| 31 Dec 24 | 892 | -6 | 316 | 0 |
| 30 Sep 24 | 934 | 0 | 326 | 0 |
| 30 Jun 24 | 975 | 6 | 335 | 0 |
| 31 Mar 24 | 1,020 | 10 | 348 | 0 |
| 31 Dec 23 | 1,064 | 13 | 361 | 0 |
| 30 Sep 23 | 1,087 | 19 | 369 | 0 |
| 30 Jun 23 | 1,109 | 25 | 378 | 0 |
| 31 Mar 23 | 1,104 | 32 | 374 | 0 |
| 31 Dec 22 | 1,100 | 39 | 370 | 0 |
| 30 Sep 22 | 1,070 | 38 | 355 | 0 |
| 30 Jun 22 | 1,041 | 38 | 340 | 0 |
| 31 Mar 22 | 1,006 | 36 | 320 | 0 |
| 31 Dec 21 | 971 | 34 | 300 | 0 |
| 30 Sep 21 | 940 | 26 | 287 | 0 |
| 30 Jun 21 | 910 | 18 | 275 | 0 |
| 31 Mar 21 | 924 | 12 | 282 | 0 |
| 31 Dec 20 | 938 | 6 | 288 | 0 |
| 30 Sep 20 | 1,008 | 14 | 296 | 0 |
| 30 Jun 20 | 1,078 | 22 | 305 | 0 |
| 31 Mar 20 | 1,147 | 28 | 319 | 0 |
| 31 Dec 19 | 1,216 | 34 | 333 | 0 |
| 30 Sep 19 | 1,229 | 35 | 342 | 0 |
| 30 Jun 19 | 1,242 | 36 | 352 | 0 |
| 31 Mar 19 | 1,238 | 36 | 344 | 0 |
| 31 Dec 18 | 1,233 | 36 | 337 | 0 |
| 30 Sep 18 | 1,231 | 34 | 330 | 0 |
| 30 Jun 18 | 1,229 | 33 | 323 | 0 |
| 31 Mar 18 | 1,197 | 31 | 313 | 0 |
| 31 Dec 17 | 1,166 | 29 | 303 | 0 |
| 30 Sep 17 | 1,138 | 26 | 293 | 0 |
| 30 Jun 17 | 1,110 | 23 | 282 | 0 |
| 31 Mar 17 | 1,054 | 22 | 267 | 0 |
| 31 Dec 16 | 999 | 20 | 252 | 0 |
| 30 Sep 16 | 943 | 18 | 238 | 0 |
| 30 Jun 16 | 887 | 17 | 224 | 0 |
| 31 Mar 16 | 850 | 16 | 218 | 0 |
| 31 Dec 15 | 813 | 15 | 211 | 0 |
| 30 Sep 15 | 780 | 15 | 208 | 0 |
| 30 Jun 15 | 747 | 14 | 205 | 0 |
Quality Earnings: RWA is currently unprofitable.
Growing Profit Margin: RWA is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RWA is unprofitable, and losses have increased over the past 5 years at a rate of 46.5% per year.
Accelerating Growth: Unable to compare RWA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RWA is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (11.8%).
Return on Equity
High ROE: RWA has a negative Return on Equity (-26.48%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 23:35 |
| End of Day Share Price | 2026/06/02 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Robert Walters plc is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Konrad Zomer | Berenberg |
| James Gilbert | Canaccord Genuity |
| Steven Woolf | Deutsche Bank |