RCM Technologies, Inc. (RCMT) closed at $20.34 in the latest trading session, marking a +2.21% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.13%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.72%.
Heading into today, shares of the company had lost 2.67% over the past month, outpacing the Business Services sector's loss of 5.79% and lagging the S&P 500's gain of 0.78%.
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 $0.58, reflecting a 18.37% increase from the same quarter last year. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.32 per share and revenue of $314.83 million. These totals would mark changes of +14.29% and 0%, respectively, from last year.
Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. RCM Technologies, Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, RCM Technologies, Inc. is presently being traded at a Forward P/E ratio of 7.8. This signifies a discount in comparison to the average Forward P/E of 13.52 for its industry.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 8% of all 250+ industries.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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