We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
RCM Technologies, Inc. (RCMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
In the latest trading session, RCM Technologies, Inc. (RCMT - Free Report) closed at $20.33, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.04%.
The company's stock has dropped by 0.83% in the past month, falling short of the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95%.
Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 4.35% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.59 million, indicating a 4.38% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.33 per share and a revenue of $277.23 million, indicating changes of +10.43% and +5.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, RCM Technologies, Inc. holds a Zacks Rank of #1 (Strong Buy).
Investors should also note RCM Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 8.76. This represents a discount compared to its industry's average 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 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
RCM Technologies, Inc. (RCMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, RCM Technologies, Inc. (RCMT - Free Report) closed at $20.33, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.04%.
The company's stock has dropped by 0.83% in the past month, falling short of the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95%.
Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 4.35% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.59 million, indicating a 4.38% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.33 per share and a revenue of $277.23 million, indicating changes of +10.43% and +5.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, RCM Technologies, Inc. holds a Zacks Rank of #1 (Strong Buy).
Investors should also note RCM Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 8.76. This represents a discount compared to its industry's average 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 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.