William Blair analyst Trevor Romeo has maintained their neutral stance on RHI stock, giving a Hold rating today.
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Trevor Romeo’s rating is based on a combination of factors that present a mixed outlook for Robert Half. While the company slightly exceeded consensus expectations for its second-quarter revenue and earnings, its guidance for the third quarter fell short of aggressive market estimates. This suggests a stable yet cautious environment moving forward, with a balanced outlook anticipated for the upcoming quarters.
On the positive side, client confidence has shown improvement, particularly in the talent solutions segment, which has seen stable weekly revenue trends and modest growth in contract technology. Protiviti’s pipeline has also increased substantially, indicating potential future opportunities. However, the third-quarter guidance reflects a sequential decline in consolidated revenue, and challenges remain in replacing large Protiviti projects that ended in the second quarter. These mixed signals contribute to the Hold rating, as the company navigates both opportunities and uncertainties.
In another report released today, Barclays also maintained a Hold rating on the stock with a $45.00 price target.