Stock Analysis
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- NYSE:RHI
Robert Half First Quarter 2024 Earnings: In Line With Expectations
Robert Half (NYSE:RHI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.48b (down 14% from 1Q 2023).
- Net income: US$63.7m (down 48% from 1Q 2023).
- Profit margin: 4.3% (down from 7.1% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.61 (down from US$1.15 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Robert Half Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Robert Half that you need to take into consideration.
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About NYSE:RHI
Robert Half
Robert Half Inc. provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia.
Flawless balance sheet, undervalued and pays a dividend.