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RCM Technologies, Inc. (RCMT) Outperforms Broader Market: What You Need to Know
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In the latest close session, RCM Technologies, Inc. (RCMT - Free Report) was up +2.27% at $25.04. The stock outperformed the S&P 500, which registered a daily gain of 1.75%. Meanwhile, the Dow experienced a rise of 1.86%, and the technology-dominated Nasdaq saw an increase of 2.54%.
Heading into today, shares of the company had lost 15.6% over the past month, lagging the Business Services sector's loss of 1.26% and the S&P 500's loss of 1.63%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. In that report, analysts expect RCM Technologies, Inc. to post earnings of $0.54 per share. This would mark a year-over-year decline of 21.74%. Meanwhile, our latest consensus estimate is calling for revenue of $80.67 million, up 3.2% from the prior-year quarter.
RCMT's full-year Zacks Consensus Estimates are calling for earnings of $2.71 per share and revenue of $343.03 million. These results would represent year-over-year changes of +8.4% and +7.4%, respectively.
Investors might also notice recent changes to analyst estimates for RCM Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has moved 7.08% lower. Currently, RCM Technologies, Inc. is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, RCM Technologies, Inc. is currently exchanging hands at a Forward P/E ratio of 9.04. This represents a discount compared to its industry average Forward P/E of 15.36.
The Staffing Firms industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 16% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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RCM Technologies, Inc. (RCMT) Outperforms Broader Market: What You Need to Know
In the latest close session, RCM Technologies, Inc. (RCMT - Free Report) was up +2.27% at $25.04. The stock outperformed the S&P 500, which registered a daily gain of 1.75%. Meanwhile, the Dow experienced a rise of 1.86%, and the technology-dominated Nasdaq saw an increase of 2.54%.
Heading into today, shares of the company had lost 15.6% over the past month, lagging the Business Services sector's loss of 1.26% and the S&P 500's loss of 1.63%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. In that report, analysts expect RCM Technologies, Inc. to post earnings of $0.54 per share. This would mark a year-over-year decline of 21.74%. Meanwhile, our latest consensus estimate is calling for revenue of $80.67 million, up 3.2% from the prior-year quarter.
RCMT's full-year Zacks Consensus Estimates are calling for earnings of $2.71 per share and revenue of $343.03 million. These results would represent year-over-year changes of +8.4% and +7.4%, respectively.
Investors might also notice recent changes to analyst estimates for RCM Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has moved 7.08% lower. Currently, RCM Technologies, Inc. is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, RCM Technologies, Inc. is currently exchanging hands at a Forward P/E ratio of 9.04. This represents a discount compared to its industry average Forward P/E of 15.36.
The Staffing Firms industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 16% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.