In the latest close session, RCM Technologies, Inc. (RCMT) was up +1.3% at $41.20. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.09%.
The company's shares have seen a decrease of 2.24% over the last month, surpassing the Business Services sector's loss of 5.31% and falling behind the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. On that day, RCM Technologies, Inc. is projected to report earnings of $0.63 per share, which would represent year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $85.78 million, up 22.04% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.07 per share and a revenue of $359.88 million, indicating changes of +22.8% and +12.67%, respectively, from the former year.
Investors might also notice 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. RCM Technologies, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that RCM Technologies, Inc. has a Forward P/E ratio of 13.25 right now. Its industry sports an average Forward P/E of 17.86, so one might conclude that RCM Technologies, Inc. is trading at a discount comparatively.
The Staffing Firms industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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RCM Technologies, Inc. (RCMT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).