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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $31.62, demonstrating a +2.26% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Coming into today, shares of the company had gained 61.72% in the past month. In that same time, the Business Services sector gained 1.33%, while the S&P 500 gained 8.11%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.7, marking a 11.11% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $93.28 million, indicating a 10.43% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.77 per share and revenue of $355.85 million, indicating changes of +10.8% and +11.41%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.68% higher. As of now, RCM Technologies, Inc. holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, RCM Technologies, Inc. currently has a Forward P/E ratio of 11.16. For comparison, its industry has an average Forward P/E of 14.3, which means RCM Technologies, Inc. is trading at a discount to the group.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
RCM Technologies, Inc. (RCMT) Outpaces Stock Market Gains: What You Should Know
RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $31.62, demonstrating a +2.26% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Coming into today, shares of the company had gained 61.72% in the past month. In that same time, the Business Services sector gained 1.33%, while the S&P 500 gained 8.11%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.7, marking a 11.11% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $93.28 million, indicating a 10.43% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.77 per share and revenue of $355.85 million, indicating changes of +10.8% and +11.41%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.68% higher. As of now, RCM Technologies, Inc. holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, RCM Technologies, Inc. currently has a Forward P/E ratio of 11.16. For comparison, its industry has an average Forward P/E of 14.3, which means RCM Technologies, Inc. is trading at a discount to the group.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.