Robert Half International (RHI) is expected to report Q3 earnings Wednesday after the close with a conference call scheduled for 5:00 pm ET.
Analysts are looking for EPS of 43c on revenue of $1.19B. The consensus range for EPS is 40c to 45c, and $1.17B to $1.21B for revenue, according to First Call. The company reported strong Q2 results beating analyst estimates on both EPS and revenue.
Citigroup downgraded Robert Half to Sell from Hold, in August. The firm downgraded the company's shares to reflect the economic downturn in the US and Europe as well as valuation. The firm lowered their target to $24 from $26.
BMO Capital downgraded the Staffing Sector and Robert Half to Underperform from Market Perform. The firm cited weakening economic trends. However Stifel Nicolas upgraded the company to Hold from Sell on October 13, based on valuation.