Robert Half (RHI) to Post Q2 Earnings: What's in the Cards?
Robert Half International Inc. RHI is scheduled to report its second-quarter 2023 results on Jul 25, after the bell. The company posted an earnings surprise of 1.8% in the last reported quarter.
Expectations This Time Around
The Zacks Consensus Estimate for Robert Half’s revenues in the to-be-reported quarter is pegged at $1.69 billion, indicating a sequential decline of 1.7%.
The company’s top line is expected to have been negatively impacted by weakness, mainly in contract talent solutions. Our estimate for the contract talent solutions revenues is pegged at $1.04 billion, indicating a sequential decline of nearly 3%.
The consensus mark for the bottom line is pegged at $1.13 per share, indicating around a 1% sequential decline. The company’s operating performance is expected to have been weak sequentially in the to-be-reported quarter.
Robert Half Inc. Price and EPS Surprise
Robert Half Inc. price-eps-surprise | Robert Half Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Robert Half this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Robert Half has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell).
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Aptiv APTV currently has an Earnings ESP of +12.88% and a Zacks Rank of 2. The company is scheduled to release its second-quarter earnings on Aug 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at $1.01 per share, up more than 100% from the year-ago figure. The consensus mark for revenues is pegged at $4.7 billion, up 15.8% from the figure reported a year ago. APTV had an average negative surprise of 8.1% in the previous four quarters.
Avis Budget CAR currently has an Earnings ESP of +1.46% and carries a Zacks Rank of 2. The company is scheduled to report its second-quarter results on Jul 31.
The Zacks Consensus Estimate for earnings is pegged at $9.78 per share, down 38.6% from the year-ago figure. The consensus mark for revenues is pegged at $3.19 billion, down 1.6% from the prior-year figure. CAR had an average surprise of 65.2% in the previous four quarters.
S&P Global SPGI currently has an Earnings ESP of +1.58% and a Zacks Rank of 2. The company is set to report its second-quarter results on Jul 27.
The Zacks Consensus Estimate for the bottom line is pegged at $3.11 per share, up 10.7% from the year-ago reported figure. The consensus mark for revenues is pegged at $3.06 billion, up 2.3% from the prior-year reported figure. SPGI had an average surprise of 3.1% in the previous four quarters.
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Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report
Robert Half Inc. (RHI) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : Free Stock Analysis Report
Aptiv PLC (APTV) : Free Stock Analysis Report
