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Robert Half (RHI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Robert Half (RHI - Free Report) reported $1.56 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.7%. EPS of $0.90 for the same period compares to $1.53 a year ago.
The reported revenue represents a surprise of +1.92% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +12.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Robert Half performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Service Revenue- Permanent placement talent solutions: $139.93 million versus $134.45 million estimated by four analysts on average.
Service Revenue- Protiviti: $480.78 million compared to the $478.68 million average estimate based on four analysts. The reported number represents a change of -6% year over year.
Service Revenue- Total contract talent solutions: $943.10 million versus $921.19 million estimated by four analysts on average.
Service Revenue- Technology: $170.57 million compared to the $174.14 million average estimate based on three analysts. The reported number represents a change of -21.3% year over year.
Service Revenue- Finance & Accounting: $676.59 million versus the three-analyst average estimate of $693.19 million. The reported number represents a year-over-year change of -16%.
Service Revenue- Administrative and customer support: $196.57 million compared to the $183.12 million average estimate based on three analysts.
Service Revenue- Elimination of intersegment: -$100.63 million versus -$138.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -24.2% change.
Gross margin- Temporary and consultant staffing (Contract talent solutions): $375.16 million versus the two-analyst average estimate of $360.56 million.
Gross margin- Protiviti: $126.10 million versus the two-analyst average estimate of $123.23 million.
Gross Margin- Permanent placement talent solutions: $139.68 million compared to the $138.33 million average estimate based on two analysts.
Shares of Robert Half have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Robert Half (RHI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Robert Half (RHI - Free Report) reported $1.56 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.7%. EPS of $0.90 for the same period compares to $1.53 a year ago.
The reported revenue represents a surprise of +1.92% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +12.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Robert Half performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Service Revenue- Permanent placement talent solutions: $139.93 million versus $134.45 million estimated by four analysts on average.
- Service Revenue- Protiviti: $480.78 million compared to the $478.68 million average estimate based on four analysts. The reported number represents a change of -6% year over year.
- Service Revenue- Total contract talent solutions: $943.10 million versus $921.19 million estimated by four analysts on average.
- Service Revenue- Technology: $170.57 million compared to the $174.14 million average estimate based on three analysts. The reported number represents a change of -21.3% year over year.
- Service Revenue- Finance & Accounting: $676.59 million versus the three-analyst average estimate of $693.19 million. The reported number represents a year-over-year change of -16%.
- Service Revenue- Administrative and customer support: $196.57 million compared to the $183.12 million average estimate based on three analysts.
- Service Revenue- Elimination of intersegment: -$100.63 million versus -$138.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -24.2% change.
- Gross margin- Temporary and consultant staffing (Contract talent solutions): $375.16 million versus the two-analyst average estimate of $360.56 million.
- Gross margin- Protiviti: $126.10 million versus the two-analyst average estimate of $123.23 million.
- Gross Margin- Permanent placement talent solutions: $139.68 million compared to the $138.33 million average estimate based on two analysts.
View all Key Company Metrics for Robert Half here>>>Shares of Robert Half have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.