RCM Technologies, Inc. (RCMT) ended the recent trading session at $24.92, demonstrating a +1.3% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.14% for the day. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%.
Prior to today's trading, shares of the company had gained 8.85% outpaced the Business Services sector's loss of 4.21% and the S&P 500's gain of 3.97%.
The investment community will be closely monitoring the performance of RCM Technologies, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.6, reflecting a 7.14% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $78.15 million, up 13% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $313.89 million. These totals would mark changes of +7.88% and +12.76%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RCM Technologies, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. RCM Technologies, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, RCM Technologies, Inc. is presently being traded at a Forward P/E ratio of 11.23. Its industry sports an average Forward P/E of 16.59, so one might conclude that RCM Technologies, Inc. is trading at a discount comparatively.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RCM Technologies, Inc. (RCMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
