Robert Half International
The 10-second takeaway
For the quarter ended March 31 (Q1), Robert Half International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
Robert Half International reported revenue of $1.02 billion. The 12 analysts polled by S&P Capital IQ expected a top line of $990.0 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $880.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.34. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS of $0.34 for Q1 were 89% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.6%, 120 basis points better than the prior-year quarter. Operating margin was 7.9%, 290 basis points better than the prior-year quarter. Net margin was 4.8%, 180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.04 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $4.21 billion. The average EPS estimate is $1.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 146 members out of 167 rating the stock outperform, and 21 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Robert Half International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Robert Half International is outperform, with an average price target of $33.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.