RCM Technologies, Inc. (RCMT) ended the recent trading session at $22.42, demonstrating a -3.74% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.52%.
Shares of the company have depreciated by 15.28% over the course of the past month, underperforming the Business Services sector's loss of 4.93%, and the S&P 500's gain of 0.71%.
Analysts and investors alike will be keeping a close eye on the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. In that report, analysts expect RCM Technologies, Inc. to post earnings of $0.45 per share. This would mark year-over-year growth of 2.27%. Meanwhile, the latest consensus estimate predicts the revenue to be $68.26 million, indicating a 13.07% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.38 per share and revenue of $313.91 million. These totals would mark changes of +17.24% and +12.76%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for RCM Technologies, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, RCM Technologies, Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, RCM Technologies, Inc. is currently exchanging hands at a Forward P/E ratio of 9.79. This indicates a discount in contrast to its industry's Forward P/E of 16.35.
The Staffing Firms industry is part of the Business Services sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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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