RCM Technologies, Inc. (RCMT) closed the most recent trading day at $38.71, moving -3.49% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1.88%.
The company's stock has climbed by 2.47% in the past month, exceeding the Business Services sector's loss of 0.76% and the S&P 500's gain of 2.06%.
The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.63, signifying a 50.00% increase compared to the same quarter of the previous year. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.07 per share and a revenue of $359.88 million, signifying shifts of +22.8% and +12.67%, respectively, from the last year.
Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, RCM Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, RCM Technologies, Inc. is currently trading at a Forward P/E ratio of 13.06. This represents a discount compared to its industry average Forward P/E of 17.22.
The Staffing Firms industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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RCM Technologies, Inc. (RCMT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).