Robert Half Inc. (RHI) is currently facing a challenging operating environment, with significant disturbances in the staffing cycle, and as a result has been labelled as underperforming in comparison to its competitors. Despite this, many still classify the company as a desirable long-term play. The company has faced a series of revenue declines; Q1 revenue fell 13.4%, mainly due to the prevailing marketplace caution, and Q2 revenue dipped 11.7%. However, the company's EPS has shown resilience, managing to either meet or even beat expectations in the latest financial results. The company is continuing to navigate a tight labour market and increasing delays in hiring times reported by clients, but has highlighted a 'positive backdrop' going into 2024. Despite the economic headwinds, Robert Half has recorded increased investment from a wealth of financial groups, indicating some confident institutional supporters. At the same time, the recent performance of the stock has been disappointing, reaching a new 52-week low at $60.91. Key earnings reports indicate that a few insiders have sold their shares recently, but overall, institutional ownership seems to be on the increase.
Robert Half RHI News Analytics from Thu, 15 Jun 2017 07:00:00 GMT to Sun, 14 Jul 2024 14:55:36 GMT -
Rating -3
- Innovation -5
- Information 2
- Rumor -7
