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) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
RCM Technologies, Inc. (RCMT - Free Report) closed the most recent trading day at $24.84, moving -4.31% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.39%.
Coming into today, shares of the company had lost 3.13% in the past month. In that same time, the Business Services sector gained 0.95%, while the S&P 500 gained 3.94%.
The investment community will be paying close attention to the earnings performance 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $68.26 million, up 13.07% from the year-ago period.
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.
Investors should also pay attention to any latest changes in analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. is currently sporting 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 10.91. This indicates a discount in contrast to its industry's Forward P/E of 16.41.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RCMT in the coming trading sessions, be sure to utilize 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) Stock Dips While Market Gains: Key Facts
RCM Technologies, Inc. (RCMT - Free Report) closed the most recent trading day at $24.84, moving -4.31% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.39%.
Coming into today, shares of the company had lost 3.13% in the past month. In that same time, the Business Services sector gained 0.95%, while the S&P 500 gained 3.94%.
The investment community will be paying close attention to the earnings performance 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $68.26 million, up 13.07% from the year-ago period.
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.
Investors should also pay attention to any latest changes in analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. is currently sporting 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 10.91. This indicates a discount in contrast to its industry's Forward P/E of 16.41.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RCMT in the coming trading sessions, be sure to utilize Zacks.com.