Alert: New Earnings Report (11/8/23)-RCM Technologies Inc (NASDAQ: RCMT).


RCM Technologies Inc (NASDAQ: RCMT) has reported E.P.S. of $0.46 for its third fiscal quarter (ending September 30) versus $0.35 for the same period a year ago — an increase of 31%. This result exceeded the consensus estimate of $0.34 by $0.12. For the latest four quarters through September 30, E.P.S. were $1.81 versus $2.15 for the same period a year ago — a decline of -16%.


Recent Price Action

RCM Technologies Inc (NASDAQ: RCMT) stock closed at $19.10 on 11/8/23 after a modest gain of 0.5%. The stock has declined -3.6% during the last week but has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, RCMT is expected to continue to be a major Value Builder.

RCM Technologies has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. RCM Technologies has a good Appreciation Score of 77 and a very high Power Rating of 96, triggering the Highest Value Trend Rating.

Rating Review

In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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