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Why RCM Technologies, Inc. (RCMT) Dipped More Than Broader Market Today
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RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $37.03, demonstrating a -1.28% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.52%. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
The company's shares have seen a decrease of 7.59% over the last month, not keeping up with the Business Services sector's gain of 3.51% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of RCM Technologies, Inc. in its upcoming release. The company is expected to report EPS of $0.63, up 50% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $85.78 million, indicating a 22.04% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.07 per share and revenue of $359.88 million, indicating changes of +22.8% and +12.67%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, RCM Technologies, Inc. is currently being traded at a Forward P/E ratio of 12.22. This indicates a discount in contrast to its industry's Forward P/E of 17.87.
The Staffing Firms industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 205, positioning it in the bottom 17% of all 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.
To follow RCMT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why RCM Technologies, Inc. (RCMT) Dipped More Than Broader Market Today
RCM Technologies, Inc. (RCMT - Free Report) ended the recent trading session at $37.03, demonstrating a -1.28% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.52%. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
The company's shares have seen a decrease of 7.59% over the last month, not keeping up with the Business Services sector's gain of 3.51% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of RCM Technologies, Inc. in its upcoming release. The company is expected to report EPS of $0.63, up 50% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $85.78 million, indicating a 22.04% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.07 per share and revenue of $359.88 million, indicating changes of +22.8% and +12.67%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, RCM Technologies, Inc. is currently being traded at a Forward P/E ratio of 12.22. This indicates a discount in contrast to its industry's Forward P/E of 17.87.
The Staffing Firms industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 205, positioning it in the bottom 17% of all 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.
To follow RCMT in the coming trading sessions, be sure to utilize Zacks.com.