The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy."
Wall Street's median 12-month price target for Robert Half Inc is $26.00, about 36.1% below its July 22 closing price of $40.70
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 15 three months ago
Quarterly results
US talent solutions firm's Q2 revenue fell 2% yr/yr but beat analyst expectations
Q2 adjusted EPS was $0.26; no analyst estimate provided for comparison
Company cites improving hiring demand and sequential growth in talent solutions
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.33 bln
$1.32 bln (8 Analysts)
Q2 EPS
$0.26
Q2 Net Income
$26.32 mln
Q2 Pretax Profit
$40.59 mln
Outlook and result drivers
Company says hiring demand continues to improve and market conditions are increasingly supportive
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