How Robert Half International Inc. (NYSE:RHI) trades after earning announcements?
Robert Half International Inc. (NYSE:RHI) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 25, 2017. The stock lost about -3.4 percent in price since last results when it was at $49.93 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 2 times.
Here’s how traders responded to RHI earnings announcements over the past few quarters.
Robert Half International Inc. (RHI) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -1.5 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.61 which missed the consensus $0.64 projection (negative surprise of-4.69%). For the quarter, revenue came in at 1.27B versus consensus estimate of 1.29B. The stock dropped -7.27 percent the session following the earnings reports were released, and on 7th day price change was -4.57 percent.
On October 26, 2016, it reported earnings at $0.71 a share compared with the consensus estimate of $0.7 per share (positive surprise of 1.43%). Revenue of 1.34B for that quarter was below the $1.36B analysts had expected. The stock retreated -6.87% the day following the earnings announcement, and on 7th day price change was -5.37%.
On July 26, 2016, it recorded $0.71 a share in earnings which missed the consensus estimate of $0.73 (negative surprise of -2.74%). Revenue for the quarter was $1.34B while analysts called for revenues to be $1.36B. The stock dropped -11.07% the day following the earnings data was made public, and on 7th day price change was -11.97%.
On April 26, 2016, it announced earnings per share at $0.64 versus the consensus estimate of $0.64 per share (negative surprise of 0%). That came on revenues of $1.3B for that period. Analysts had expected $1.3B in revenue.
Robert Half International Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.58. The analysts’ present consensus range is $0.56-$0.62 for EPS. The market consensus range for revenue is between $1.25B and $1.3B, with an average of $1.28B.
Robert Half International Inc. (NYSE:RHI) last ended at $48.3, sending the company’s market cap near $6.24B. The consensus 12-month price target from analysts covering the stock is $47.77. The share price has declined -4.79% from its top level in 52 weeks and advanced -0.49% this year. It recently traded in a range of $48.06-$48.54 at a volume of 646940 shares. The recent trading ended with the price nearly 2.09 higher for the last 5 trading days, rebounding 42.87% from its 52-week low.