Robert Half Inc. ($RHI) Stock Forecast: Down 7.5% Today

What is Robert Half Inc.?

Robert Half International Inc. (RHI) is a global human resource consulting firm that provides staffing and risk consulting services. The company operates through various segments, including Accountemps, OfficeTeam, and Protiviti.

Why is Robert Half Inc. going down?

RHI stock is down 7.5% on Jul 25, 2024 19:43

• Robert Half's Q2 earnings missed estimates and declined year over year, signaling a challenging quarter for the company.
• Jefferies cutting Robert Half's shares target on weak demand added further pressure on the stock, indicating concerns about future performance.
• The revenue decline reported during the earnings call for Q2 2024 likely contributed to the bearish movement of RHI stock.
• Missing both EPS and revenue estimates for the quarter ended June 2024 could have eroded investor confidence, leading to the strong bearish movement in the stock today.

RHI Price Chart

RHI News

Robert Half's ( RHI ) Q2 Earnings Miss Estimates, Decline Y/Y

Robert Half's (RHI) second-quarter 2024 revenues decrease year over year.

https://www.zacks.com/stock/news/2309352/robert-halfs-rhi-q2-earnings-miss-estimates-decline-yy

Jefferies cuts Robert Half shares target on weak demand

https://www.investing.com/news/company-news/jefferies-cuts-robert-half-shares-target-on-weak-demand-93CH-3535571

https://www.investing.com/news/company-news/jefferies-cuts-robert-half-shares-target-on-weak-demand-93CH-3535571

Earnings call: Robert Half reports Q2 2024 earnings, sees revenue decline

https://www.investing.com/news/stock-market-news/earnings-call-robert-half-reports-q2-2024-earnings-sees-revenue-decline-93CH-3535540

https://www.investing.com/news/stock-market-news/earnings-call-robert-half-reports-q2-2024-earnings-sees-revenue-decline-93CH-3535540

RHI Stock Earnings: Robert Half Misses EPS, Misses Revenue for Q2 2024

Robert Half (NYSE:RHI) just reported results for the second quarter of 2024. Robert Half reported earnings per share of 66 cents. This was below the analyst estimate for EPS of 71 cents. The company reported revenue of $1.47 billion. This was 1.80% worse than the analyst estimate for revenue of $1.50 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/rhi-stock-earnings-robert-half-for-q2-of-2024/

Robert Half ( RHI ) Q2 Earnings and Revenues Miss Estimates

Robert Half (RHI) delivered earnings and revenue surprises of -7.04% and 1.68%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2308255/robert-half-rhi-q2-earnings-and-revenues-miss-estimates

Trending Today

Ethereum ($ETH) Crypto Forecast: Up 5.1% Today

Pendle ($PENDLE) Crypto Forecast: Up 5.1% Today

Jupiter ($JUP) Crypto Forecast: Up 7.4% Today

Wormhole ($W) Crypto Forecast: Up 6.8% Today

Natural Gas ($GAS) Commodity Forecast: Up 5.1% Today

Solana ($SOL) Crypto Forecast: Up 7.3% Today

Avalanche ($AVAX) Crypto Forecast: Up 6.5% Today

Arbitrum ($ARB) Crypto Forecast: Up 5.9% Today

Aptos ($APT) Crypto Forecast: Up 10.0% Today

Chainlink ($LINK) Crypto Forecast: Up 5.1% Today

Robert Half Inc. Price History

25.06.2024 - RHI Stock was down 9.8%

• Jefferies cutting Robert Half shares target on weak demand indicates a lack of confidence in the company's future performance, putting downward pressure on the stock.
• The reports of Q2 2024 earnings showing a revenue decline, missing EPS and revenue estimates, have likely disappointed investors and led to a bearish sentiment surrounding the stock.
• The consistent theme of missing earnings and revenue estimates suggests that Robert Half International Inc. may be facing challenges in meeting market expectations, contributing to the bearish movement in its stock price today.

25.09.2023 - RHI Stock was up 7.5%

• Robert Half (RHI) had a strong bullish movement today.
• The company reported better-than-expected earnings and revenue for the third quarter, beating estimates by 12.50% and 1.92% respectively.
• The hiring recovery in the macro environment contributed to the increased demand for Robert Half's services, leading to higher revenue.
• The positive earnings report and the CEO's confidence in future growth prospects likely fueled investor optimism and drove the bullish movement in RHI stock.

14.10.2023 - RHI Stock was up 5.2%

• The bullish movement in RHI could be attributed to the positive recognition of Protiviti's commitment to gender equality and women's empowerment.
• This news highlights Protiviti's strong corporate culture and may have attracted investor confidence in the company's long-term growth prospects.
• The recognition also indicates that Protiviti is effectively implementing strategies to promote diversity and inclusion, which can lead to improved performance and profitability.

26.09.2023 - RHI Stock was down 5.4%

• Despite beating earnings expectations and surpassing revenue estimates, Robert Half (RHI) experienced a strong bearish movement.
• The weak Q3 performance, with a significant decrease in revenues and operating margin, contributed to the bearish market movement.
• Economic uncertainty and a hiring recovery may have played a role in the market's reaction to RHI's performance.
• The overall sentiment towards RHI remains cautious, as indicated by the hold rating in one of the articles.

05.02.2024 - RHI Stock was down 4.2%

• The stock of RHI experienced a bearish movement today despite a positive 0.8% increase since the last earnings report.
• Investors might be reacting to revised earnings estimates or future outlook, leading to a sell-off in the stock.
• The market sentiment towards RHI could have shifted due to concerns about the company's growth prospects or overall market conditions.
• It's essential for investors to closely monitor any updates on RHI's performance and industry trends to make informed decisions in the current market environment.

09.06.2024 - RHI Stock was down 5.1%

• A downgrade of RHI from a "buy" to a "hold" rating likely led to a decrease in investor confidence and selling pressure on the stock.
• The rating downgrade could indicate concerns about the company's future performance or industry outlook, prompting investors to reevaluate their positions in RHI.
• This downgrade might have triggered a wave of profit-taking among investors who had previously bought RHI shares, contributing to the bearish movement in the stock price today.

25.06.2024 - RHI Stock was down 7.5%

• Robert Half's Q2 earnings missed estimates and declined year over year, signaling a challenging quarter for the company.
• Jefferies cutting Robert Half's shares target on weak demand added further pressure on the stock, indicating concerns about future performance.
• The revenue decline reported during the earnings call for Q2 2024 likely contributed to the bearish movement of RHI stock.
• Missing both EPS and revenue estimates for the quarter ended June 2024 could have eroded investor confidence, leading to the strong bearish movement in the stock today.