RCM Technologies Inc

Zacks Investment Research added five stocks to its Zacks Rank #1 (Strong Buy) List for September 11th. RCM Technologies, a national provider of business, technology and resource solutions in information technology and professional engineering to corporate and government customers, saw its Zacks Consensus Estimate for current-year earnings rise 13.3% over the last 60 days. Healthcare Services Group, which provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, posted a 12.9% increase in its consensus estimate for current-year earnings over the same period. Bloomin' Brands, the casual dining restaurant company with a portfolio of differentiated restaurant concepts, recorded a 10.1% gain in its current-year earnings estimate, while Argan, an engineering and construction firm operating through wholly owned subsidiaries across power generation, industrial construction and teledata infrastructure, saw a 6.7% increase. Globus Medical, a medical device company that develops and commercializes healthcare solutions for patients with musculoskeletal disorders, rounded out the list with a 5.3% rise in its current-year earnings estimate over the last 60 days.

RCM Technologies, Inc. closed down 2.9% at $39.12, a smaller decline than the S&P 500's 0.59% loss, while the Dow fell 0.6% and the Nasdaq dropped 0.65%. The company is expected to report earnings per share of $0.63 for its upcoming quarter, a 50% increase from the same quarter a year earlier, on revenue of $85.78 million, up 22.04% year over year. For the full fiscal year, the Zacks Consensus Estimates project earnings of $3.07 per share and revenue of $359.88 million, representing growth of 22.8% and 12.67%, respectively. Over the past 30 days, the Zacks Consensus EPS estimate has risen 16.59%, and RCM Technologies currently carries a Zacks Rank of #2 (Buy). The stock trades at a forward P/E of 13.12, below its industry's average of 17.81, while its Staffing Firms industry holds a Zacks Industry Rank of 168, placing it in the bottom 32% of more than 250 industries.