Recap: RCM Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
RCM Technologies (NASDAQ:RCMT) reported Q4 earnings with an EPS of $0.71, beating estimates by 15.0% against an expected $0.62. Revenue increased by $807 thousand from the previous year. The company has a history of surpassing EPS estimates, which in the past has led to a significant share price increase the following day.
March 13, 2024 | 8:15 pm
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RCM Technologies reported a strong Q4 earnings beat with an EPS of $0.71, surpassing the estimated $0.62. Revenue also saw an increase from the previous year.
RCM Technologies' positive earnings report, with a significant beat on EPS estimates and revenue growth, is likely to instill investor confidence and could lead to a short-term increase in stock price. Historical data shows that past earnings beats have resulted in share price increases the following day.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100