Back to top

Image: Bigstock

Bear of the Day: Robert Half (RHI)

Read MoreHide Full Article
Robert Half International (RHI - Free Report) is the $4.6 billion iconic staffing firm that had over $6 billion in revenues last year. Unfortunately, with the COVID-19 crisis and stay-at-home orders making unemployment skyrocket, RHI will see a big hit to both the top and bottom lines this year. 
 
Founded in 1948, Robert Half is one of the world's largest providers of professional consulting and staffing services. The company's specialized staffing divisions include Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources — for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance; OfficeTeam — for highly skilled administrative support professionals; Robert Half Technology — for project and full-time technology professionals; Robert Half Legal — for project and full-time staffing of lawyers, paralegals and legal support personnel; and The Creative Group — for creative, digital, marketing, and advertising professionals.
 
The Downward Earnings Estimates Revisions
 
Currently, the full-year 2020 consensus for revenues have dropped to $5.7 billion for a 6.25% decline.
 
And the EPS picture is much starker with a 24% drop from $4.13 to $3.14. For next year, the new estimate consensus among fell 20%  from $4.43 to $3.54.
 
While we know that many of the severe economic and earnings impacts for business are just a temporary shock, the fact that analysts also took down 2021 estimates signals a view of recession that is potentially more lasting.
 
In this sense, when more visibility about the depth and duration of the recession is available, perhaps these estimates will be some of the first to turn back up with the employment outlook. The Zacks Rank will let you know.
 
Free: Zacks’ Single Best Stock Set to Double
 
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
 
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
 

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Robert Half Inc. (RHI) - free report >>

Published in