We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Robert Half (RHI) to Report Q3 Earnings: What's in Store?
Read MoreHide Full Article
Robert Half International Inc. (RHI - Free Report) is scheduled to report third-quarter 2018 results on Oct 23, after market close.
While the company’s top line is expected to be driven by strength across all the segments, the bottom line should benefit from lower U.S tax rates.
So far this year, shares of Robert Half have gained 11.1% against the 4.7% decline of the industry. The Zacks S&P 500 Composite Index has rallied 3.6% in the same time frame.
Top Line Likely to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.46 billion, indicating a 10.3% increase year over year. Notably, the consensus estimate is in line with the midpoint of the company’s guided range of $1.43-$1.49 billion.
The top line is expected to benefit from growth in the company’s U.S. as well as non-U.S. staffing and Protiviti operations, and positive business sentiment across the company’s small and mid-size client base.
Increase in average hourly bill rates and the number of hours worked by employees are expected to drive revenues at temporary and consultant staffing. Permanent placement staffing revenues are likely to be driven by growing number of placements and average fees per placement. At risk consulting and internal audit services, revenues are likely to benefit from increase in billable hours worked by consultants on client engagements and average hourly bill rates.
Additionally, Robert Half should benefit from an improving U.S. economy, which has improved the employment scenario, and aided manufacturing and non-manufacturing activities. Favorable foreign currency movements are likely to act as another major tailwind.
In second-quarter 2018, revenues increased 11.4% year over year on a reported basis and 9.6% on an adjusted basis to $1.46 billion.
Earnings Likely to Rise on Tax Reform
The Tax Cuts and Jobs Act (which reduced corporate tax rates significantly) is expected to boost Robert Half’s earnings in the to-be-reported quarter. The Zacks Consensus Estimate for the same is pegged at 91 cents, indicating year-over-year growth of 33.8%. Notably, the consensus estimate is in line with the midpoint of the company guided EPS range of 88-94 cents.
In second-quarter 2018, earnings rose 39.1% from the year-ago quarter to 89 cents per share.
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.
Robert Half International Inc. Price and EPS Surprise
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
TransUnion (TRU - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. The company is slated to release results on Oct 23.
FTI Consulting (FCN - Free Report) has an Earnings ESP of +4.43% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Robert Half (RHI) to Report Q3 Earnings: What's in Store?
Robert Half International Inc. (RHI - Free Report) is scheduled to report third-quarter 2018 results on Oct 23, after market close.
While the company’s top line is expected to be driven by strength across all the segments, the bottom line should benefit from lower U.S tax rates.
So far this year, shares of Robert Half have gained 11.1% against the 4.7% decline of the industry. The Zacks S&P 500 Composite Index has rallied 3.6% in the same time frame.
Top Line Likely to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.46 billion, indicating a 10.3% increase year over year. Notably, the consensus estimate is in line with the midpoint of the company’s guided range of $1.43-$1.49 billion.
The top line is expected to benefit from growth in the company’s U.S. as well as non-U.S. staffing and Protiviti operations, and positive business sentiment across the company’s small and mid-size client base.
Increase in average hourly bill rates and the number of hours worked by employees are expected to drive revenues at temporary and consultant staffing. Permanent placement staffing revenues are likely to be driven by growing number of placements and average fees per placement. At risk consulting and internal audit services, revenues are likely to benefit from increase in billable hours worked by consultants on client engagements and average hourly bill rates.
Additionally, Robert Half should benefit from an improving U.S. economy, which has improved the employment scenario, and aided manufacturing and non-manufacturing activities. Favorable foreign currency movements are likely to act as another major tailwind.
In second-quarter 2018, revenues increased 11.4% year over year on a reported basis and 9.6% on an adjusted basis to $1.46 billion.
Earnings Likely to Rise on Tax Reform
The Tax Cuts and Jobs Act (which reduced corporate tax rates significantly) is expected to boost Robert Half’s earnings in the to-be-reported quarter. The Zacks Consensus Estimate for the same is pegged at 91 cents, indicating year-over-year growth of 33.8%. Notably, the consensus estimate is in line with the midpoint of the company guided EPS range of 88-94 cents.
In second-quarter 2018, earnings rose 39.1% from the year-ago quarter to 89 cents per share.
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.
Robert Half International Inc. Price and EPS Surprise
Robert Half International Inc. Price and EPS Surprise | Robert Half International Inc. Quote
Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
WEX (WEX - Free Report) has an Earnings ESP of +0.49% and a Zacks Rank #2. The company is scheduled to report results on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.
TransUnion (TRU - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. The company is slated to release results on Oct 23.
FTI Consulting (FCN - Free Report) has an Earnings ESP of +4.43% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>