Robert Half (RHI) to Post Q2 Earnings: What's in Store?

Core Viewpoint - Robert Half International Inc. (RHI) is expected to report a decline in revenues and earnings for the second quarter of 2024, with significant year-over-year decreases anticipated across various segments [1][2][3]. Revenue Expectations - Total revenues for RHI are projected at $1.5 billion, reflecting an 8.7% year-over-year decline [8]. - Talent Solutions revenues are expected to be $1 billion, indicating a 12.2% decrease year-over-year [2]. - Contract Talent Solutions is estimated at $879.2 million, showing a substantial increase of 58.7% from the previous year [2]. - Permanent Placement Talent Solutions revenues are anticipated to be $129.8 million, which represents a 13.1% decrease year-over-year [2]. - Revenues from Protiviti are estimated at $487.9 million, suggesting a slight decline from the year-ago quarter [9]. Earnings Expectations - The consensus estimate for RHI's earnings is set at 71 cents per share, indicating a 29% decline from the same quarter last year [3]. - RHI has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), suggesting limited potential for an earnings beat this quarter [13]. Historical Performance - RHI has surpassed the Zacks Consensus Estimate in three of the past four quarters, with an average surprise of 1% [7].