BUZZ-Robert Half eyes biggest rally since 2000 after Q4 beat

Reuters01-30
BUZZ-Robert Half eyes biggest rally since 2000 after Q4 beat

** Shares in Robert Half RHI.N up ~23% on Friday on track for biggest one-day percentage gain since January 2000 after the recruitment co beat Q4 EPS and revenue expectations

** RHI reported quarterly EPS of $0.32 vs mean estimates of $0.30 and rev of $1.302 bln vs Street consensus expectation for $1.289 bln, according to LSEG

** After the report, JPM raised its PT to $31 from $29 citing outperformance in contract staffing and permanent placement segments

** "Similar to Thursday’s ManpowerGroup results, the company’s outlook suggests an end to the negative earnings revision cycle, which has plagued the RHI stock in recent years," JPM analyst Andrew Steinerman wrote

** RHI seeing "incrementally improved demand environment off the back of moderating recession fears, easing inflation, relative trade policy clarity, and cumulative rate cuts," Steinerman said

** After earlier rising as high as $34.45 - highest since early October - RHI stock last traded at $33.32 vs median PT of $30, as per LSEG

** Of 12 analysts covering the stock, recommendation breakdown is 1 'strong buy,' 1 'buy,' 5 'hold,' 3 'sell' and 2 'strong sell' ratings

** About 15% of RHI's free float is sold short according to LSEG, which shows short interest at highest level in at least 5 years

** RHI stock shed ~61% in 2025 and 20% in 2024

** Manpower MAN.N shares up ~5% on Friday after ~15% rally on Thursday following its results

(Reporting by Sinead Carew, Lance Tupper)

((sinead.carew@thomsonreuters.com))

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