In the latest trading session, RCM Technologies, Inc. (RCMT) closed at $23.89, marking a -1.85% move from the previous day. This change lagged the S&P 500's 0.28% loss on the day. At the same time, the Dow lost 0.52%, and the tech-heavy Nasdaq lost 0.08%.
Shares of the company witnessed a loss of 8.46% over the previous month, trailing the performance of the Business Services sector with its loss of 0.31%, and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of RCM Technologies, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.45, showcasing a 2.27% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $68.26 million, up 13.07% from the year-ago period.
RCMT's full-year Zacks Consensus Estimates are calling for earnings of $2.38 per share and revenue of $313.91 million. These results would represent year-over-year changes of +17.24% and +12.76%, respectively.
Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, RCM Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note RCM Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 10.23. Its industry sports an average Forward P/E of 16.11, 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 industry, currently bearing a Zacks Industry Rank of 192, finds itself in the bottom 23% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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RCM Technologies, Inc. (RCMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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