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) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
RCM Technologies, Inc. (RCMT - Free Report) closed the most recent trading day at $27.01, moving +1.81% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.44%.
Coming into today, shares of the company had lost 2.53% in the past month. In that same time, the Business Services sector lost 0.7%, while the S&P 500 gained 2.72%.
Market participants will be closely following the financial results of RCM Technologies, Inc. in its upcoming release. In that report, analysts expect RCM Technologies, Inc. to post earnings of $0.45 per share. This would mark year-over-year growth of 2.27%. Simultaneously, our latest consensus estimate expects the revenue to be $68.26 million, showing a 13.07% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.38 per share and revenue of $313.91 million, which would represent changes of +17.24% and +12.76%, respectively, from the prior year.
Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. At present, RCM Technologies, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at valuation, RCM Technologies, Inc. is presently trading at a Forward P/E ratio of 11.15. This denotes a discount relative to the industry average Forward P/E of 16.45.
The Staffing Firms industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 206, finds itself in the bottom 17% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
RCM Technologies, Inc. (RCMT) Exceeds Market Returns: Some Facts to Consider
RCM Technologies, Inc. (RCMT - Free Report) closed the most recent trading day at $27.01, moving +1.81% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.44%.
Coming into today, shares of the company had lost 2.53% in the past month. In that same time, the Business Services sector lost 0.7%, while the S&P 500 gained 2.72%.
Market participants will be closely following the financial results of RCM Technologies, Inc. in its upcoming release. In that report, analysts expect RCM Technologies, Inc. to post earnings of $0.45 per share. This would mark year-over-year growth of 2.27%. Simultaneously, our latest consensus estimate expects the revenue to be $68.26 million, showing a 13.07% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.38 per share and revenue of $313.91 million, which would represent changes of +17.24% and +12.76%, respectively, from the prior year.
Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. At present, RCM Technologies, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at valuation, RCM Technologies, Inc. is presently trading at a Forward P/E ratio of 11.15. This denotes a discount relative to the industry average Forward P/E of 16.45.
The Staffing Firms industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 206, finds itself in the bottom 17% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.