RCM Technologies Inc (NASDAQ: RCMT) has reported earnings for its second fiscal quarter (ending June 30) of $0.47 versus $0.48 for the same period a year ago — a decline of -2%. This result fell short of the consensus estimate of $0.50 by $-0.03. For the latest four quarters through June 30, E.P.S. were $2.09 versus $1.73 for the same period a year ago — an increase of 21%.
Recent Price Action
RCM Technologies Inc (NASDAQ: RCMT) stock closed at $18.21 on 8/7/24 after a decline of -2.3%. However, unusually low trading volume at 64% of normal accompanied the decline. The stock has declined -6.7% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RCM Technologies has a good Appreciation Score of 76 but a very low Power Rating of 10, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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