Robert Half (RHI) to Post Q2 Earnings: What's in the offing?
Robert Half International Inc. RHI is expected to report second-quarter 2019 results on Jul 23, after the bell. In the last reported quarter, the company witnessed a negative earnings surprise of 3.1%.
Shares of the company have declined 14.9% over the past year compared with the 8.4% decline of the industry it belongs to.
The Expectations in Detail
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.52 billion, indicating growth of 4% year over year. The expected growth is likely to be driven by consistent strength in staffing and Protiviti across U.S. as well as non-U.S. operations. Tight labor markets across the globe continue to sustain demand for the company’s professional staffing services.
Notably, the consensus estimate falls within the company’s guided range of $1.485-$1.550 billion. In first-quarter 2019, total revenues of $1.47 billion increased 5.3% year over year.
Robert Half International Inc. Revenue (TTM)
Robert Half International Inc. revenue-ttm | Robert Half International Inc. Quote
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 98 cents per share, indicating year-over-year growth of 10.1%. The bottom line should benefit from improved operational efficiency.
The consensus mark lies within the company’s guided range of 95 cents to $1.01. In first-quarter 2019, earnings of 93 cents per share improved 19.2% year over year.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Robert Half has a Zacks Rank #3 and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group CAR, with an Earnings ESP of +15.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
S&P Global SPGI, with an Earnings ESP of +0.94% and a Zacks Rank #2.
IQVIA Holdings IQV, with an Earnings ESP of +0.88% and a Zacks Rank #3.
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