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RCM Technologies, Inc. (RCMT) Gains As Market Dips: What You Should Know
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RCM Technologies, Inc. (RCMT - Free Report) closed at $5.91 in the latest trading session, marking a +0.17% move from the prior day. This change outpaced the S&P 500's 0.51% loss on the day.
Coming into today, shares of the company had lost 12.46% in the past month. In that same time, the Business Services sector lost 3%, while the S&P 500 gained 3.08%.
RCMT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.02, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $42.22 million, up 33.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.32 per share and revenue of $184.35 million. These totals would mark changes of +143.84% and +22.56%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RCMT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. RCMT is currently a Zacks Rank #3 (Hold).
Looking at its valuation, RCMT is holding a Forward P/E ratio of 18.44. This valuation marks a premium compared to its industry's average Forward P/E of 14.33.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 18, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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RCM Technologies, Inc. (RCMT) Gains As Market Dips: What You Should Know
RCM Technologies, Inc. (RCMT - Free Report) closed at $5.91 in the latest trading session, marking a +0.17% move from the prior day. This change outpaced the S&P 500's 0.51% loss on the day.
Coming into today, shares of the company had lost 12.46% in the past month. In that same time, the Business Services sector lost 3%, while the S&P 500 gained 3.08%.
RCMT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.02, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $42.22 million, up 33.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.32 per share and revenue of $184.35 million. These totals would mark changes of +143.84% and +22.56%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RCMT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. RCMT is currently a Zacks Rank #3 (Hold).
Looking at its valuation, RCMT is holding a Forward P/E ratio of 18.44. This valuation marks a premium compared to its industry's average Forward P/E of 14.33.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 18, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.