We recently published Creators of millions: 10 stocks that made big profits last week. Robert Half Inc. (NYSE: RHI) was one of the best performers last week.
Robert Half jumped 21.14 percent week over week as investors loaded up their wallets following an analyst’s price target hike for its stock.
In its market report, Truist increased its price target for Robert Half Inc. (NYSE: RHI) by 14%, from $35 to $40 previously, while maintaining its “buy” recommendation, suggesting confidence in the company despite its dismal earnings performance last year.
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During the period, Robert Half Inc. (NYSE: RHI) said its net income declined 47% to $132.99 million from $251.6 million in 2024, while service revenue declined 7% to $5.38 billion from $5.79 billion year-over-year.
In the fourth quarter alone, net profit fell 42 percent to $31.7 million from $54.29 million for the same period a year earlier, while service revenue fell 5.8 percent to $1.3 billion from $1.38 billion.
Despite a higher price target, Truist lowered its EPS forecast for the listed company to $1.40 from $1.71 previously due to expectations of higher selling, general and administrative (SG&A) costs for this year and next. It also cut its 2027 EPS estimate to $2.50 from $2.88 previously.
Robert Half Inc. (NYSE: RHI) is a global talent management solutions company providing staffing and consulting services across a broad range of services, including finance, accounting, technology, legal, marketing and administration.
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Disclosure: None. This article was originally published on Initiated Monkey.
