Why RCM Technologies, Inc. (RCMT) Dipped More Than Broader Market Today

Group 1 - RCM Technologies, Inc. closed at $26.64, with a decrease of -1.33% from the previous trading session, which is less than the S&P 500's daily loss of 0.07% [1] - The stock has increased by 16.68% over the past month, outperforming the Business Services sector's decline of 2.31% and the S&P 500's gain of 3.94% [1] Group 2 - RCM Technologies, Inc. is projected to report earnings of $0.6 per share, reflecting a year-over-year growth of 7.14%, with quarterly revenue expected to be $78.15 million, up 13% from the previous year [2] - For the full year, earnings are estimated at $2.19 per share and revenue at $313.89 million, indicating changes of +7.88% and +12.76% respectively from the prior year [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks RCM Technologies, Inc. at 3 (Hold) [5] - The Forward P/E ratio for RCM Technologies, Inc. is 12.33, which is lower than the industry average of 16.81, indicating that the company is trading at a discount compared to its peers [6] Group 4 - The Staffing Firms industry, part of the Business Services sector, has a Zacks Industry Rank of 180, placing it in the bottom 28% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]