Analyst Views: How is Robert Walters faring so far this year?

 
Marion Dakers

ANDREW GIBB | INVESTEC
It is encouraging to see constant currency growth across all the group’s regions. There would appear to be good momentum behind the group and whilst we make no changes to estimates at this early stage of the year, we continue to believe there is upside risk to forecasts.

DAVID O’BRIEN | SHORE CAPITAL
The trading update represents an encouraging start to the year for Robert Walters and should this scale of top-line growth continue we would expect to upgrade estimates by the time we reach the interims. We therefore retain our positive stance on the stock.

DAVID BROCKTON | LIBERUM
While Japan FX notably tempers actual growth, the outlook for 2014 remains positive, in line with market forecasts. Robert Walters offers significant long-term growth potential as it builds scale in Asia and further improves conversion.