Robert Half第二季勝預期 三季指引卻令人失望




Robert Half第二季度盈利優於預期,但第三季度展望疲弱致股價盤後下跌約2%

人力資源及顧問公司Robert Half International Inc.(紐約證券交易所代碼:RHI)於周四公布了2025年第二季度財報,盈利超出市場預期,但因第三季度指引不及預期,盤後股價下跌約2%。

該公司第二季度每股盈利為0.40美元,略高於分析師普遍預期的0.40美元,甚至超出部分預測約8%。收入達13.69億美元,亦稍高於市場預期的13.54億美元。

儘管盈利表現優異,Robert Half對第三季度的財務展望卻令投資者失望。公司預計第三季度營收介乎13.1億至14.1億美元,每股盈利介乎0.37美元至0.47美元。以指引中點0.42美元計,較華爾街預期0.58美元低約26%。

在各業務板塊中,公司科技部門於第二季度表現穩健,與人才解決方案部門形成對比,後者出現近兩位數百分比的下跌。

展望第三季度,Robert Half預計整體營收將按年下跌約8%,指引中點為13.6億美元。該公司旗下的Protiviti顧問部門預計將保持低個位數百分比的增長,而人才解決方案部門仍面臨挑戰。

管理層表示,招聘情緒較上一季度有所改善,但尚未見到明顯的轉折點以推動需求加速增長。

公司預計第三季度經營利潤率約為4.5%,較去年同期下降170個基點。

評論與分析:

Robert Half第二季度業績略勝預期,顯示其核心業務仍具一定韌性,特別是科技部門的表現較為穩定,反映出科技領域招聘需求相對堅挺。然而,整體收入和盈利指引的疲弱,突顯出宏觀經濟環境和市場需求的不確定性仍然存在,特別是人才解決方案部門的下滑,反映企業在招聘上持謹慎態度。

管理層強調招聘情緒有所改善,但無明顯加速跡象,這說明市場仍處於觀望階段,企業大規模增聘的意願尚未回暖。這種情況對於投資者來說,是一個警號,意味著短期內公司獲利壓力仍大。

從長遠角度看,Protiviti顧問部門的增長預期為公司提供一定的支撐,顯示公司正嘗試透過多元化業務來平衡人才招聘市場的波動。投資者需密切關注該部門的發展,以及整體經濟環境對招聘市場的影響。

總體而言,Robert Half的業績反映出當前人力資源市場的複雜局面,既有科技招聘的穩定需求,也有整體招聘需求的疲弱。對於投資者而言,需警惕未來幾季的業績指引,並關注管理層如何應對市場挑戰,調整業務策略以維持競爭力。

以上文章由特價GPT API KEY所翻譯及撰寫。

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