RCM Technologies Q1 2024 Adj EPS $0.53 Beats $0.47 Estimate, Sales $71.939M Beat $71.135M Estimate
Portfolio Pulse from Benzinga Newsdesk
RCM Technologies (NASDAQ:RCMT) reported Q1 2024 adjusted EPS of $0.53, surpassing the $0.47 estimate, and sales of $71.939M, exceeding the $71.135M estimate. This represents a 29.27% increase in earnings and a 7.17% increase in sales from the same period last year.
May 08, 2024 | 8:50 pm
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POSITIVE IMPACT
RCM Technologies reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth in both metrics.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported year-over-year growth in both earnings and sales further strengthens the case for a positive impact on RCMT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100