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.
Why the Market Dipped But RCM Technologies, Inc. (RCMT) Gained Today
Read MoreHide Full Article
In the latest trading session, RCM Technologies, Inc. (RCMT - Free Report) closed at $27.26, marking a +1.34% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the company had gained 8.86% over the past month, outpacing the Business Services sector's gain of 3.12% and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of RCM Technologies, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.45, up 2.27% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $68.26 million, reflecting a 13.07% rise from the equivalent quarter last year.
RCMT's full-year Zacks Consensus Estimates are calling for earnings of $2.38 per share and revenue of $313.91 million. These results would represent year-over-year changes of +17.24% and +12.76%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for RCM Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, RCM Technologies, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, RCM Technologies, Inc. is at present trading with a Forward P/E ratio of 11.3. This expresses a discount compared to the average Forward P/E of 16.97 of its industry.
The Staffing Firms industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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
Why the Market Dipped But RCM Technologies, Inc. (RCMT) Gained Today
In the latest trading session, RCM Technologies, Inc. (RCMT - Free Report) closed at $27.26, marking a +1.34% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the company had gained 8.86% over the past month, outpacing the Business Services sector's gain of 3.12% and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of RCM Technologies, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.45, up 2.27% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $68.26 million, reflecting a 13.07% rise from the equivalent quarter last year.
RCMT's full-year Zacks Consensus Estimates are calling for earnings of $2.38 per share and revenue of $313.91 million. These results would represent year-over-year changes of +17.24% and +12.76%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for RCM Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, RCM Technologies, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, RCM Technologies, Inc. is at present trading with a Forward P/E ratio of 11.3. This expresses a discount compared to the average Forward P/E of 16.97 of its industry.
The Staffing Firms industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.