Robert Walters upgrades FY profit expectations
Robert Walters
385.00p
16:34 23/04/24
Recruiter Robert Walters said on Friday that pre-tax profit for the year to the end of December 2021 was set to be "materially ahead" of current market expectations.
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17:14 23/04/24
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16:54 23/04/24
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16:59 23/04/24
"The positive momentum reported in the group's first quarter trading update has continued through the first two months of the second quarter," the company said in a brief statement.
Robert Walters is due to release a trading update for the second quarter ending 30 June on 7 July.
Broker Liberum, which rates the stock at ‘buy’, noted that the consensus range is for profits of between £24m and £26m, with its own estimate at the top end.
"We expect the consensus mid-point to rise by at least 10%," it said.
At 0815 BST, the shares were up 4.4% at 724.50p.