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.
“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.
