RCM Technologies beats Q3 revenue estimates

Reuters11-06
<a href="https://laohu8.com/S/RCMT">RCM Technologies</a> beats Q3 revenue estimates

Overview

  • RCM Technologies Q3 revenue grows 16.4% yr/yr, beating analyst expectations

  • Company reports GAAP net income of $2.3 mln, down from $2.7 mln last year

  • Company expects record gross profit and adjusted EBITDA in fiscal Q4 2025

Outlook

  • RCM Technologies expects record gross profit and adjusted EBITDA in Q4 fiscal 2025

Result Drivers

  • ENGINEERING BACKLOG - Record backlog in Engineering segment as of end of October, per Executive Chairman Bradley Vizi

  • HEALTHCARE MOMENTUM - Continued momentum in Healthcare segment, according to Executive Chairman Bradley Vizi

  • Q4 EXPECTATIONS - Co expects highest quarterly gross profit and adjusted EBITDA in fiscal Q4 2025, per CFO Kevin Miller

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$70.29 mln

$67.33 mln (2 Analysts)

Q3 EPS

$0.3

Q3 Net Income

$2.26 mln

Q3 Gross Profit

$19.41 mln

Q3 Operating Income

$3.94 mln

Q3 Pretax Profit

$3.32 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the employment services peer group is "buy"

  • Wall Street's median 12-month price target for R C M Technologies Inc is $31.00, about 25.6% above its November 4 closing price of $23.06

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNXRnvP2

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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