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Robert Half (RHI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
RHIRobert Half(RHI) ZACKS·2025-04-23 23:35

Core Insights - Robert Half (RHI) reported a revenue of 1.35billionforthequarterendedMarch2025,reflectingayearoveryeardeclineof8.41.35 billion for the quarter ended March 2025, reflecting a year-over-year decline of 8.4% and an EPS of 0.17 compared to 0.61ayearago,indicatingsignificantunderperformance[1]Thereportedrevenuewas3.380.61 a year ago, indicating significant underperformance [1] - The reported revenue was 3.38% lower than the Zacks Consensus Estimate of 1.4 billion, and the EPS fell short by 52.78% compared to the consensus estimate of 0.36[1]RevenuePerformanceTotalcontracttalentsolutionsrevenuewas0.36 [1] Revenue Performance - Total contract talent solutions revenue was 763.21 million, missing the average estimate of 802.83millionbythreeanalysts,representingayearoveryeardeclineof14802.83 million by three analysts, representing a year-over-year decline of 14% [4] - Contract talent solutions in Finance & Accounting generated 562.93 million, below the estimated 575.43million,markingayearoveryeardecreaseof12.3575.43 million, marking a year-over-year decrease of 12.3% [4] - Administrative and customer support contract talent solutions revenue was 165.63 million, falling short of the 179.17millionestimate,withayearoveryeardeclineof17.2179.17 million estimate, with a year-over-year decline of 17.2% [4] - Protiviti service revenues were 476.61 million, slightly below the estimate of 494.69million,butshowedayearoveryearincreaseof2.7494.69 million, but showed a year-over-year increase of 2.7% [4] - Permanent placement talent solutions revenue was 112.09 million, below the estimate of 115.47million,reflectingayearoveryeardeclineof10.2115.47 million, reflecting a year-over-year decline of 10.2% [4] - Technology contract talent solutions revenue was 152.54 million, missing the estimate of 157.85million,withayearoveryeardeclineof3.4157.85 million, with a year-over-year decline of 3.4% [4] Gross Margin Analysis - Gross margin for contract talent solutions was 296.93 million, below the average estimate of 316.09millionfromtwoanalysts[4]GrossmarginforProtivitiwas316.09 million from two analysts [4] - Gross margin for Protiviti was 90.25 million, compared to the average estimate of 105.29millionfromtwoanalysts[4]Grossmarginforpermanentplacementtalentsolutionswas105.29 million from two analysts [4] - Gross margin for permanent placement talent solutions was 111.86 million, below the estimate of $117.42 million from two analysts [4] Stock Performance - Robert Half's shares have returned -13.5% over the past month, underperforming the Zacks S&P 500 composite's -6.6% change, and the stock currently holds a Zacks Rank 5 (Strong Sell) [3]