Overview

* Robert Half Q2 global enterprise revenue of $1.37 bln beats analyst expectations, per LSEG data

* The recruiter's net income for Q2 falls to $41 mln from $68 mln year-over-year

* Company cites global economic uncertainty impacting client and job seeker behavior

Result Drivers

* ECONOMIC UNCERTAINTY - Persistent global economic uncertainty led to cautious client and job seeker behavior, extending decision cycles and reducing hiring activity, per CEO M. Keith Waddell

* REVENUE STABILIZATION - Revenue levels fell modestly in the first two months of Q2 but stabilized at lower levels in June, according to CEO M. Keith Waddell

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.37 $1.35

Revenue bln bln (8

Analysts

)

Q2 EPS $0.41

Q2 $61.43

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the employment services peer group is "buy."

* Wall Street's median 12-month price target for Robert Half Inc ( RHI ) is $45.50, about 6.2% above its July 22 closing price of $42.67

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)