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RCM Technologies, Inc. (RCMT) Falls More Steeply Than Broader Market: What Investors Need to Know
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RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $27.51, demonstrating a -1.68% change from the preceding day's closing price. This change lagged the S&P 500's 0.79% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 1.55%.
Heading into today, shares of the company had gained 9.04% over the past month, outpacing the Business Services sector's gain of 4.59% and the S&P 500's gain of 4.28%.
Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. 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%. Alongside, our most recent consensus estimate is anticipating revenue of $80.67 million, indicating a 3.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.71 per share and a revenue of $343.03 million, indicating changes of +8.4% and +7.4%, respectively, from the former year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, RCM Technologies, Inc. is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that RCM Technologies, Inc. has a Forward P/E ratio of 10.32 right now. This represents a discount compared to its industry average Forward P/E of 17.53.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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RCM Technologies, Inc. (RCMT) Falls More Steeply Than Broader Market: What Investors Need to Know
RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $27.51, demonstrating a -1.68% change from the preceding day's closing price. This change lagged the S&P 500's 0.79% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 1.55%.
Heading into today, shares of the company had gained 9.04% over the past month, outpacing the Business Services sector's gain of 4.59% and the S&P 500's gain of 4.28%.
Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. 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%. Alongside, our most recent consensus estimate is anticipating revenue of $80.67 million, indicating a 3.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.71 per share and a revenue of $343.03 million, indicating changes of +8.4% and +7.4%, respectively, from the former year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, RCM Technologies, Inc. is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that RCM Technologies, Inc. has a Forward P/E ratio of 10.32 right now. This represents a discount compared to its industry average Forward P/E of 17.53.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.