For its fourth fiscal quarter (ending December 31), RCM Technologies Inc (NASDAQ: RCMT) has reported a 35% increase in E.P.S. from $0.48 a year ago to $0.65 in the current quarter. This result exceeded the consensus estimate of $0.62 by $0.03. For the latest four quarters through December 31, E.P.S. were $1.96 versus $2.08 for the same period a year ago — a decline of -6%.
Recent Price Action
RCM Technologies Inc (NASDAQ: RCMT) stock declined slightly by -0.1% on 3/13/24. The stock closed at $28.77. However, below average trading volume at 73% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.6% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. RCM Technologies has a slightly positive Appreciation Score of 62 and a very high Power Rating of 95, and the Highest Value Trend Rating results.
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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