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S&P 500 (NYSE:SPY) component Robert Half International Inc. (NYSE:RHI) will unveil its latest earnings on Thursday, October 18, 2012. Robert Half International offers specialized staffing and risk consulting services in North America, South America, Europe, Asia and Australia.
Robert Half International Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 39 cents per share, a rise of 25.8% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 44.2% versus last year to $1.50.
Past Earnings Performance: Last quarter, the company fell short of estimates by 6 cents, coming in at profit of 32 cents per share against a mean estimate of net income of 35 cents. The company topped expectations in the first quarter.
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A Look Back: In the second quarter, profit rose 24.4% to $45.3 million (32 cents a share) from $36.4 million (25 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 9.6% to $1.03 billion from $938 million.
Stock Price Performance: Between August 16, 2012 and October 12, 2012, the stock price had fallen $3.76 (-13%), from $29 to $25.24. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 10.8% (+$3.01) over that span. It saw one of its worst periods between May 11, 2012 and May 18, 2012 when shares fell for six straight days, dropping 4.5% (-$1.33) over that span.
Wall St. Revenue Expectations: On average, analysts predict $1.04 billion in revenue this quarter, a rise of 5.6% from the year-ago quarter. Analysts are forecasting total revenue of $4.14 billion for the year, a rise of 9.5% from last year’s revenue of $3.78 billion.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 71.9% in the fourth quarter of the last fiscal year and 81% in the first quarter before increasing again in the second quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 20.5% in the third quarter of the last fiscal year, 14.3% in the fourth quarter of the last fiscal year and 15.3% in the first quarter before increasing again in the second quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.1 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.21 in the first quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 9.1% to $496.3 million while assets rose 3.4% to $1.04 billion.
Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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