In the latest close session, RCM Technologies, Inc. (RCMT) was down 1.72% at $20.30. The stock's performance was behind the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 0.91%.
The company's stock has climbed by 0.73% in the past month, exceeding the Business Services sector's loss of 2.82% and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of RCM Technologies, Inc. in its upcoming release. The company is expected to report EPS of $0.58, up 18.37% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $81.9 million, reflecting a 6.49% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.32 per share and a revenue of $314.83 million, signifying shifts of +14.29% and 0%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RCM Technologies, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. RCM Technologies, Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, RCM Technologies, Inc. is at present trading with a Forward P/E ratio of 8.1. For comparison, its industry has an average Forward P/E of 14.14, which means RCM Technologies, Inc. is trading at a discount to the group.
The Staffing Firms industry is part of the Business Services sector. With its current Zacks Industry Rank of 224, this industry ranks in the bottom 9% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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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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