RCM Technologies, Inc. (RCMT) ended the recent trading session at $31.62, demonstrating a +2.26% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Coming into today, shares of the company had gained 61.72% in the past month. In that same time, the Business Services sector gained 1.33%, while the S&P 500 gained 8.11%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.7, marking a 11.11% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $93.28 million, indicating a 10.43% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.77 per share and revenue of $355.85 million, indicating changes of +10.8% and +11.41%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for RCM Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 12.68% higher. As of now, RCM Technologies, Inc. holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, RCM Technologies, Inc. currently has a Forward P/E ratio of 11.16. For comparison, its industry has an average Forward P/E of 14.3, which means RCM Technologies, Inc. is trading at a discount to the group.
The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).