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Robert Half (RHI) Climbs 21% W/W on Analyst PT Hike
Yahoo Finance· 2026-01-31 21:20
Core Viewpoint - Robert Half Inc. (NYSE:RHI) experienced a significant stock price increase of 21.14% week-on-week, driven by an analyst's price target upgrade despite a challenging earnings report from the previous year [1]. Group 1: Stock Performance and Analyst Recommendations - Truist raised its price target for Robert Half Inc. by 14% to $40 from $35, while maintaining a "buy" recommendation, indicating confidence in the company's future performance [2]. - The stock's recent performance reflects investor optimism following the price target upgrade [1]. Group 2: Financial Performance - Robert Half reported a 47% decline in net income to $132.99 million from $251.6 million year-on-year, with service revenues decreasing by 7% to $5.38 billion from $5.79 billion [3]. - In the fourth quarter, net profit fell by 42% to $31.7 million from $54.29 million, and service revenues dipped by 5.8% to $1.3 billion from $1.38 billion [3]. Group 3: Earnings Expectations - Despite the price target increase, Truist lowered its EPS expectations for Robert Half to $1.40 from $1.71, citing anticipated higher selling, general, and administrative costs [4]. - The EPS estimate for 2027 was also reduced to $2.50 from $2.88 [4]. Group 4: Company Overview - Robert Half Inc. is a global talent solutions company that provides staffing recruitment and consulting services across various sectors, including finance, accounting, technology, legal, marketing, and administration [5].