- Robert Half's shares dropped 15% following disappointing first-quarter earnings.
- Analysts foresee a potential upside of 26.66% with a target price of $58.83.
- Current GF Value suggests a substantial upside, estimating the stock at $68.85 in a year.
Staffing firm Robert Half International Inc. (RHI, Financial) faced a significant market reaction as its shares tumbled 15% in response to underwhelming first-quarter earnings. The company reported an 8.4% decline in revenue, amounting to $1.35 billion, which fell short of the anticipated $1.41 billion. Consequently, net income contracted to $17 million, or $0.17 per share, highlighting the challenging economic landscape impacting the staffing industry.
Analyst Forecasts and Price Targets
According to projections from nine analysts, the average target price for Robert Half (RHI, Financial) stands at $58.83. This estimate varies, with a high of $80.00 and a low of $46.00. The average forecast implies a potential upside of 26.66% from the current stock price of $46.45. For more detailed projections, investors can visit the Robert Half Inc (RHI) Forecast page.
Brokerage Recommendations
The consensus from 13 brokerage firms ranks Robert Half Inc (RHI, Financial) with an average recommendation of 3.0, which translates to a "Hold" status. The recommendation scale ranges from 1 to 5, where 1 is a Strong Buy and 5 indicates a Sell. This consistent rating underscores the mixed sentiment surrounding the stock's future performance.
GF Value Estimation
Based on GuruFocus' estimates, the GF Value for Robert Half Inc (RHI, Financial) is projected at $68.85 in one year, suggesting a notable upside of 48.22% from its current price of $46.45. The GF Value represents GuruFocus' assessment of the fair trading value of the stock, derived from historical trading multiples, past business growth, and future business performance forecasts. Investors seeking comprehensive data can refer to the Robert Half Inc (RHI) Summary page.
Investors are encouraged to closely monitor economic trends and company strategies that might influence Robert Half's performance and prospects in the evolving staffing landscape.
