Earnings Overview#
Robert Half International Inc. has reported its earnings for the first quarter of 2026, revealing an earnings per share (EPS) of $0.14. This figure exceeds the forecast of $0.13 by 7.69%. However, the company’s revenue was $1.3 billion, which aligns with expectations but represents a 4% decline compared to the same period last year. Following this announcement, the stock experienced a decline of 2.95% in aftermarket trading, closing at $28.6.
Company Performance#
In Q1 2026, Robert Half faced challenges in its staffing and consulting sectors, leading to a 4% year-over-year decrease in revenue. Despite these difficulties, there were signs of improvement as the quarter progressed. The Talent Solutions segment saw a 7% decline in revenue, while Protiviti experienced a 4% drop.
Financial Highlights#
- Revenue: $1.3 billion, down 4% year-over-year.
- Earnings per share: $0.14, down from $0.17 the previous year.
- Operating cash flow: Negative $112 million, attributed to seasonal factors.
- Dividend: $0.59 per share was distributed in March 2026.
Market Reaction#
Despite beating EPS expectations, Robert Half's stock fell by 2.95% in aftermarket trading. This decline indicates investor concerns regarding the company's overall financial health and future outlook. The stock is currently well below its 52-week high of $48.54, which may suggest potential opportunities for value-focused investors.
Outlook & Guidance#
Looking ahead, Robert Half is optimistic about future earnings growth, projecting an EPS of $0.35 for Q2 2026 and $0.47 for Q3 2026. Revenue is also expected to recover modestly in the upcoming quarters. CEO Keith Waddell emphasized the company's strategic investments in AI technology as a key factor for future growth, while CFO Michael Buckley noted expectations for a normalization of the tax rate, which could positively influence future earnings.