RCM Technologies, Inc. (RCMT) Rises Higher Than Market: Key Facts

RCM Technologies, Inc. (RCMT) closed at $18.73 in the latest trading session, marking a +2.29% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.81% for the day. Meanwhile, the Dow experienced a rise of 0.63%, and the technology-dominated Nasdaq saw an increase of 1.26%.

Shares of the company have depreciated by 8.45% over the course of the past month, underperforming the Business Services sector's loss of 7.15%, and the S&P 500's loss of 0.25%.

The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.58, indicating a 18.37% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $81.9 million, up 6.49% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.32 per share and a revenue of $314.83 million, indicating changes of +14.29% and +13.09%, respectively, from the former year.

Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, RCM Technologies, Inc. boasts a Zacks Rank of #3 (Hold).

In terms of valuation, RCM Technologies, Inc. is presently being traded at a Forward P/E ratio of 7.18. This represents a discount compared to its industry average Forward P/E of 11.52.

The Staffing Firms industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 225, finds itself in the bottom 9% echelons 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.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.