Recap: Robert Half Q4 Earnings
Portfolio Pulse from Benzinga Insights
Robert Half (NYSE:RHI) reported Q4 earnings with an EPS of $0.83, slightly beating the estimate of $0.82 by 1.22%. However, revenue saw a significant drop from the same period last year, down by $254 million. In the past, beating EPS estimates has led to a modest increase in share price the following day, as seen last quarter with a 1.98% rise after beating the EPS estimate by $0.09.
January 30, 2024 | 9:10 pm
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Robert Half reported a modest beat on Q4 EPS estimates but experienced a significant revenue decline from the previous year. Historically, EPS beats have led to share price increases the following day.
While the EPS beat could be seen as a positive signal, the substantial revenue decline may raise concerns among investors about the company's growth and profitability. The historical data suggests a potential for a slight positive impact on the stock price, but the revenue drop tempers the overall outlook, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100