RCM Technologies Stock Gains 2.3% as Q1 EPS Seen at $0.58
RCM Technologies shares rose 2.29% to $18.73, outperforming the 0.81% S&P 500 gain and 1.26% Nasdaq increase. Analysts forecast Q1 EPS of $0.58 and revenue of $81.9 million, implying year-over-year growth of 18.4% and 6.5%, respectively.
1. Daily Stock Performance
RCM Technologies closed at $18.73, up 2.29% on the session, outpacing the S&P 500’s 0.81% advance, the Dow’s 0.63% rise and the Nasdaq’s 1.26% gain. The move follows a one-month slide of 8.45%, deeper than the Business Services sector’s 7.15% loss and the S&P 500’s 0.25% decline.
2. Quarterly Earnings Forecast
For the upcoming quarter, consensus estimates call for EPS of $0.58, up 18.37% from the year-ago period, and revenue of $81.9 million, representing a 6.49% increase. These projections will be a key focus for investors assessing the company’s growth trajectory.
3. Full-year Projections and Analyst Ranking
Analysts expect full-year EPS of $2.32 and revenue of $314.83 million, reflecting gains of 14.29% and 13.09%, respectively. RCM Technologies currently holds a neutral analyst consensus rating (Zacks Rank #3), indicating a hold recommendation.
4. Valuation Metrics
RCM trades at a forward P/E ratio of 7.18, offering a discount to its industry average of 11.52. The Staffing Firms industry sits in the bottom 9% of Zacks Industry Rankings, suggesting relative valuation weakness compared with peers.