RCM Technologies, Inc. (RCMT) ended the recent trading session at $16.42, demonstrating a -0.91% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 2.51%. Meanwhile, the Dow experienced a rise of 2.66%, and the technology-dominated Nasdaq saw an increase of 2.71%.

Coming into today, shares of the company had gained 10.32% in the past month. In that same time, the Business Services sector lost 7.26%, while the S&P 500 lost 8.86%.

The upcoming earnings release of RCM Technologies, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.56, signifying a 5.66% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $74.27 million, showing a 3.24% escalation compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $295.12 million, indicating changes of +7.88% and +6.01%, 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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. is currently a Zacks Rank #3 (Hold).

In terms of valuation, RCM Technologies, Inc. is presently being traded at a Forward P/E ratio of 7.57. This represents a discount compared to its industry's average Forward P/E of 14.61.

The Staffing Firms industry is part of the Business Services sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 9% 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.

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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This article originally published on Zacks Investment Research (zacks.com).

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