Staffing and consulting company RCM Technologies, Inc. (NASDAQ: RCMT ) had a run of vigorous growth during the COVID-19 crisis, fell back in late 2022 and the first half of 2023, then began bouncing back inRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Air ...

For Immediate ReleasesChicago, IL – December 13, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including RCM Technologies, Inc. (RCMT) , Datatec Ltd. (DTTLY) , EVERTEC, Inc. (EVTC) and Xperi Inc. (XPER) .Here are highlights from Friday’s Analyst Blog:4 Business Services Stocks You'll Regret Not Buying on Their D ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...

MURRAY, Utah, Nov. 19, 2024 (GLOBE NEWSWIRE) -- R1 RCM Inc. (“R1”), a leader in automating revenue management for healthcare providers, today announced that investment funds affiliated with TowerBrook Capital Partners (“TowerBrook”) and Clayton, Dubilier & Rice (“CD&R”) have completed their previously announced acquisition of R1. On August 1, 2024, TowerBrook, CD&R and R1 announced that they had entered into a definitive merger agreement under which all outstanding shares of R1 common stock that TowerBrook ...

RCM Technologies, Inc. (RCMT) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.56, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.RCM Technologies, which belongs t ...

Financial Performance - RCM Technologies reported revenue of $60.4 million for the thirteen weeks ended September 28, 2024, a 4.0% increase from $58.0 million for the same period in 2023 [2] - Gross profit for the current quarter was $17.8 million, reflecting a 3.2% increase compared to $17.3 million in the prior year [2] - The company experienced GAAP net income of $2.7 million, or $0.35 per diluted share, down from $3.8 million, or $0.46 per diluted share, in the comparable prior quarter [2] - Adjusted EBITDA for the current quarter was $5.6 million, a 9.5% increase from $5.1 million in the prior year [2] Year-to-Date Performance - For the thirty-nine weeks ended September 28, 2024, RCM Technologies reported revenue of $201.5 million, a 4.8% increase from $192.2 million for the same period in 2023 [3] - Gross profit for this period was $58.2 million, a 5.7% increase compared to $55.1 million in the prior year [3] - GAAP net income for the thirty-nine weeks was $10.5 million, or $1.31 per diluted share, compared to $11.6 million, or $1.33 per diluted share, in the prior year [3] - Adjusted EBITDA for the thirty-nine weeks was $19.6 million, a 10.5% increase from $17.7 million in the prior year [3] Business Segments - Growth in the third quarter was primarily driven by the Healthcare and Engineering segments, which continue to expand in their respective markets [4] - Revenue breakdown for the thirteen weeks ended September 28, 2024, included $26.6 million from Specialty Health Care, $24.2 million from Engineering, and $9.6 million from Life Sciences and IT [15] Future Outlook - The company anticipates consistent growth and improved cash conversion in the upcoming quarters [4]

RCM Technologies, Inc. (RCMT) closed the most recent trading day at $19.98, moving +1.73% from the previous trading session. This change outpaced the S&P 500's 1.7% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%. The company's shares have seen an increase of 1.29% over the last month, not keeping up with the Business Services sector's gain of 6.45% and outstripping the S&P 500's gain of 1.27%. Analysts and investors alike will be keeping a close eye on the performa ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +7.3%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Staffing Firms industry, which RCM Technologies falls in, has lost 2.4%. The key question now is: What could be the stock's future direct ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned -1.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Staffing Firms industry, to which RCM Technologies belongs, has lost 4% over this period. Now the key question is: Where could the stock be headed in the near term? ...