In the latest close session, RCM Technologies, Inc. (RCMT) was up +1.64% at $23.30. This move outpaced the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%.
The stock of company has risen by 0.92% in the past month, leading the Business Services sector's loss of 0.89% and undershooting the S&P 500's gain of 5.12%.
The investment community will be closely monitoring the performance of RCM Technologies, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.6, showcasing a 7.14% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $78.15 million, up 13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.19 per share and a revenue of $313.89 million, representing changes of +7.88% and +12.76%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for RCM Technologies, Inc. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, RCM Technologies, Inc. holds a Zacks Rank of #3 (Hold).
Looking at valuation, RCM Technologies, Inc. is presently trading at a Forward P/E ratio of 10.47. This indicates a discount in contrast to its industry's Forward P/E of 15.23.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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