Robert Half (RHI) to Post Q4 Earnings: What's in the Cards?

Robert Half International Inc. RHI is scheduled to report its fourth-quarter 2023 results on Jan 30, after the bell.

The company’s earnings surprise history has been impressive. Its earnings surpassed the Zacks Consensus Estimate in three of the past four quarters and missed once, the average surprise being 1.1%.

Robert Half Inc. Price and EPS Surprise Robert Half Inc. Price and EPS Surprise

Robert Half Inc. price-eps-surprise | Robert Half Inc. Quote

Expectations This Time Around

The Zacks Consensus Estimate for Robert Half’s revenues in the to-be-reported quarter is pegged at $1.47 billion, indicating a year-over-year decline of 15.1%.

The company’s top line is expected to have been negatively impacted by weakness in Talent Solutions and Protiviti. Our estimate for Talent Solutions revenues is pegged at $1 billion, indicating a year-over-year decline of 17.8%. Our estimate for Protiviti revenues indicates a year-over-year decline of 9% to $454.7 million.

The consensus mark for the bottom line is pegged at 82 cents per share, indicating a 40.2% year-over-year decline.

What Our Model Says

Our proven model predicts a likely 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. 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 +0.53% and a Zacks Rank #3.

Other Stocks to Consider

Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.

FLEETCOR FLT: The business payments company is scheduled to report its fourth-quarter 2023 results on Feb 7. It has an Earnings ESP of +0.37% and currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus mark for FLT’s revenues in the to-be-reported quarter is pegged at $968.7 million, indicating year-over-year growth of 9.6%. The consensus mark for the bottom line is pegged at $4.47 per share, indicating 10.6% growth on a year-over-year basis.

Rollins ROL: The provider of pest and wildlife control services is set to report its fourth-quarter 2023 results on Feb 14. It has an Earnings ESP of +2.44% and currently carries a Zacks Rank #3.

The Zacks Consensus Estimate for ROL’s top line in the to-be-reported quarter is pegged at $750.1 million, indicating year-over-year growth of 13.4%. The consensus mark for the bottom line is pegged at 21 cents per share, indicating 23.5% growth on a year-over-year basis.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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