RCM Technologies Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag – Yahoo Finance
Key Financial Results
Revenue: US$58.2m (up 28% from 3Q 2021).
Net income: US$3.52m (up 28% from 3Q 2021).
Profit margin: 6.0% (down from 6.1% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$0.33 (up from US$0.25 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RCM Technologies EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company’s shares are down 20% from a week ago.
Risk Analysis
You still need to take note of risks, for example – RCM Technologies has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
Related Quotes
CorEnergy Infrastructure Trust ( NYSE:CORR ) Third Quarter 2022 Results Key Financial Results Revenue: US$33.0m (down…
Since hitting an all-time high roughly one year ago, the Nasdaq has plunged as much as 38%. This entrenches the index that was largely responsible for pushing the broader market to new heights in a bear market. Although bear markets can, at times, be scary for new and tenured investors alike, the rewards of patience can easily outweigh those fears.
Calpers, the California Public Employees' Retirement System, disclosed the third-quarter moves in a filing with the SEC.
Oil companies have paid out a gusher of dividends this year. Many companies instituted fixed-plus-variable dividend strategies to return more of their free cash flow to shareholders over the past year. With oil prices topping $100 a barrel earlier this year, it boosted their free cash flow, allowing them to pay increasingly larger dividends.
One thing we could say about the analysts on Veru Inc. ( NASDAQ:VERU ) – they aren't optimistic, having just made a…
The rocky conditions in today's rising-interest-rate environment put these two stocks at risk for dividend cuts.
The demise and bankruptcy of crypto brokerage FTX will not be the last downfall in the industry, Binance's CEO predicts.
In this article, we shall discuss the 12 best depressed stocks to buy now. To skip our detailed analysis of the global economic outlook in 2022, go directly and see 5 Best Depressed Stocks To Buy Now. The global macroeconomic outlook continues to be in free-fall, with an increasingly grim outlook for the rest of 2022 […]
Much like Wednesday's earnings report from Canopy Growth (NASDAQ: CGC) set off a (short-lived) rally in share prices at Aurora Cannabis (NASDAQ: ACB) and Tilray Brands (NASDAQ: TLRY) on Wednesday, on Friday good news from Aurora Cannabis is helping to boost the stock prices of Canopy and Tilray. As of 10:55 a.m. ET, Aurora Cannabis stock is up a strong 16.4%, while Canopy is getting a 10% boost and Tilray is bringing up the rear with a 7.2% gain. Exactly how good was Aurora's earnings report?
One of the easiest ways to make money is to invest in solid dividend stocks. Here are three of the smartest dividend stocks to buy for less than $50 each right now. You have a choice with the first dividend stock on our list.
When Warren Buffett gets something right, he really gets it right. The legendary investor's stock picks through the years have helped him become one of the wealthiest people on the planet. Here are Buffett's biggest winners over the past five years — and whether or not they can keep winning in the future.
Futures: After a game-changing week for the market rally, what should you do now? New IPO Mobileye leads five stocks near buy points.
Compass Diversified Holdings (CODI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
While Carvana has a viable long-term vision, it simply may not have the financial strength to get there.
It is not difficult to find cheap stocks at the moment. A slowing global economy, rapidly rising interest rates and sky-high inflation have caused the value of a variety of companies to come under severe pressure.
CorMedix ( NASDAQ:CRMD ) Third Quarter 2022 Results Key Financial Results Net loss: US$6.85m (loss narrowed by 20% from…
The war in Ukraine, ongoing Covid concerns, market volatility and the threat of a recession are enough to make even seasoned investors anxious – particularly about how much of their portfolio is in stocks. Amid all the stress, including about … Continue reading → The post Just Accept It, You Can't Time the Market: Do This Instead During Market Volatility appeared first on SmartAsset Blog.
(Bloomberg) — Before the world began to grasp the truth about Sam Bankman-Fried — before the panic, the investigations and, at last, the brutal collapse — an inkling of doom began to spread through his convoluted crypto empire. Most Read from Bloomberg‘It’s All Gone’: FTX Bankruptcy Has Retail Traders Bracing for LossesFTX Latest: Solana Sell-Off Deepens; Bankman-Fried QuestionedBankrupt FTX Hit by Mysterious Outflow of About $662 MillionDemocrats Defy History, Keep Senate Control in Victory
One's a growth stock and the other pays a dividend but both of these healthcare businesses have what it takes to reliably outperform.
Shares of energy company Algonquin Power & Utilities (NYSE: AQN) fell as much as 19.5% in trading on Friday after the company reported third-quarter 2022 financial results. Adjusted net earnings fell 25% to $73.5 million, or $0.11 per share. Management said that higher interest payments and a reduction in tax subsidies were the reason for the shortfall.