Overview
RCM Technologies Q3 revenue grows 16.4% yr/yr, beating analyst expectations
Company reports GAAP net income of $2.3 mln, down from $2.7 mln last year
Company expects record gross profit and adjusted EBITDA in fiscal Q4 2025
Outlook
RCM Technologies expects record gross profit and adjusted EBITDA in Q4 fiscal 2025
Result Drivers
ENGINEERING BACKLOG - Record backlog in Engineering segment as of end of October, per Executive Chairman Bradley Vizi
HEALTHCARE MOMENTUM - Continued momentum in Healthcare segment, according to Executive Chairman Bradley Vizi
Q4 EXPECTATIONS - Co expects highest quarterly gross profit and adjusted EBITDA in fiscal Q4 2025, per CFO Kevin Miller
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $70.29 mln | $67.33 mln (2 Analysts) |
Q3 EPS | $0.3 | ||
Q3 Net Income | $2.26 mln | ||
Q3 Gross Profit | $19.41 mln | ||
Q3 Operating Income | $3.94 mln | ||
Q3 Pretax Profit | $3.32 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for R C M Technologies Inc is $31.00, about 25.6% above its November 4 closing price of $23.06
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNXRnvP2
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)