RCM Technologies Rises as Major US Indexes Fall
Shares gained 1.3% in the latest session, while consensus estimates point to higher earnings and revenue in the upcoming report.
RCM Technologies shares rose 1.3% to $41.20 in the latest session, even as the S&P 500, Dow and Nasdaq declined. The S&P 500 fell 0.17%, the Dow lost 0.26% and the Nasdaq slipped 0.09%.
Over the past month, the stock fell 2.24%. That was a smaller decline than the Business Services sector’s 5.31% drop, but larger than the S&P 500’s 0.24% loss.
Investors are watching for RCM Technologies’ upcoming earnings report. Zacks consensus estimates call for quarterly earnings of $0.63 per share, up 50% year over year, and revenue of $85.78 million, a 22.04% increase.
For the full fiscal year, Zacks estimates earnings of $3.07 per share and revenue of $359.88 million. Those figures would be increases of 22.8% and 12.67%, respectively, from the prior year.
The consensus estimate for quarterly earnings per share has not changed over the past 30 days, according to Zacks. The estimates are forecasts, not reported results.
This article was produced with the help of AI technology.
Source: Yahoo Finance
