Latest news with #RCMT
Yahoo
03-07-2025
- Business
- Yahoo
Why RCM Technologies, Inc. (RCMT) Outpaced the Stock Market Today
RCM Technologies, Inc. (RCMT) closed the most recent trading day at $25.27, moving +1.85% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.48%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.94%. The company's shares have seen an increase of 9.83% over the last month, surpassing the Business Services sector's loss of 0.6% and the S&P 500's gain of 5.13%. Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.6, reflecting a 7.14% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $78.15 million, indicating a 13% upward movement from the same quarter last year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $313.89 million. These totals would mark changes of +7.88% and +12.76%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for RCM Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. is holding a Zacks Rank of #3 (Hold) right now. Digging into valuation, RCM Technologies, Inc. currently has a Forward P/E ratio of 11.33. This expresses a discount compared to the average Forward P/E of 16.24 of its industry. The Staffing Firms industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 185, placing it within the bottom 26% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
24-06-2025
- Business
- Time of India
ONGC pushes ahead with well control operations, despite heavy rains, critical progress continues
Oil and Natural Gas Corporation Limited (ONGC) continues to make progress at the site of well number RDS#147A , with teams working around the clock despite challenging weather conditions. The extra-long boom crane, essential for safely removing tubing stacked in the rig derrick, has reached the well site from Guwahati on Monday. Its arrival marks a crucial step forward in clearing the rig from the well for the final capping operation. Today's heavy and continuous rainfall created a slushy work environment, yet ONGC's Regional Crisis Management Team (RCMT), along with international experts from Cudd Pressure Control , remained fully engaged. Their persistent efforts are ensuring that the clearing of the remaining rig equipment continues without pause. ONGC stated , 'As floodwaters rise, ONGC teams are actively working to keep the critical RCMT pump operational. Encouragingly, a noticeable reduction in gas pressure has been recorded, an important and hopeful sign that paves the way for a safer and more controlled capping process. Simultaneously, mobilisation of additional specialised equipment such as the Athey Wagon, Bulldozer, etc., for the capping operation is progressing steadily, further strengthening ONGC's operational preparedness '. ONGC remains fully committed to bringing the situation to a safe and successful resolution. With each milestone, the team moves closer to securing the well, backed by expertise, dedication, and the support of the local administration and community.
Time of India
23-06-2025
- Climate
- Time of India
ONGC team continues well-capping efforts despite poor weather
Dibrugarh: Oil and Natural Gas Corporation Limited (ONGC) is continuing their relentless efforts to contain the blowout at well RDS 147A in Sivasagar, which entered its twelfth day on Monday. Despite challenging weather conditions and rising floodwaters, significant progress has been made toward the final capping operation. One of the most encouraging developments has been a noticeable reduction in gas pressure at the well site. The arrival of a crucial extra-long boom crane from Guwahati on Monday evening marked a pivotal moment in the containment efforts. The specialised equipment, essential for safely removing tubings stacked in the rig derrick, represents a major step forward in clearing the rig from the well site to prepare for the final capping operation. "The final capping operation will start soon and experts from ONGC, other experts from India and foreign experts are preparing the groundwork," said GM ONGC Captain Satendra Sangwan. Monday's operations faced additional challenges as heavy and continuous rainfall created slushy working conditions across the site. However, ONGC's regional crisis management team (RCMT), working alongside three international experts from Cudd Pressure Control, USA, maintained their full engagement despite adverse weather conditions. The persistent efforts of the combined team have ensured that the clearing of remaining rig equipment continues uninterrupted.
Economic Times
23-06-2025
- Business
- Economic Times
ONGC pushes ahead with well control operations, despite heavy rains, critical progress continues
Oil and Natural Gas Corporation Limited is making headway at well number RDS#147A. Teams are working continuously despite heavy rainfall. A crucial crane has arrived to help clear the rig. Gas pressure has noticeably reduced, a positive sign. Additional equipment is being mobilized for the capping operation. Tired of too many ads? Remove Ads Guwahati: Oil and Natural Gas Corporation Limited (ONGC) continues to make progress at the site of well number RDS#147A , with teams working around the clock despite challenging weather extra-long boom crane, essential for safely removing tubing stacked in the rig derrick, has reached the well site from Guwahati on Monday. Its arrival marks a crucial step forward in clearing the rig from the well for the final capping heavy and continuous rainfall created a slushy work environment, yet ONGC's Regional Crisis Management Team (RCMT), along with international experts from Cudd Pressure Control , remained fully engaged. Their persistent efforts are ensuring that the clearing of the remaining rig equipment continues without stated , 'As floodwaters rise, ONGC teams are actively working to keep the critical RCMT pump operational. Encouragingly, a noticeable reduction in gas pressure has been recorded, an important and hopeful sign that paves the way for a safer and more controlled capping mobilisation of additional specialised equipment such as the Athey Wagon, Bulldozer, etc., for the capping operation is progressing steadily, further strengthening ONGC's operational preparedness'.ONGC remains fully committed to bringing the situation to a safe and successful resolution. With each milestone, the team moves closer to securing the well, backed by expertise, dedication, and the support of the local administration and community.
Time of India
23-06-2025
- Business
- Time of India
ONGC pushes ahead with well control operations, despite heavy rains, critical progress continues
Guwahati: Oil and Natural Gas Corporation Limited (ONGC) continues to make progress at the site of well number RDS#147A , with teams working around the clock despite challenging weather conditions. The extra-long boom crane, essential for safely removing tubing stacked in the rig derrick, has reached the well site from Guwahati on Monday. Its arrival marks a crucial step forward in clearing the rig from the well for the final capping operation. Today's heavy and continuous rainfall created a slushy work environment, yet ONGC's Regional Crisis Management Team (RCMT), along with international experts from Cudd Pressure Control , remained fully engaged. Their persistent efforts are ensuring that the clearing of the remaining rig equipment continues without pause. ONGC stated , 'As floodwaters rise, ONGC teams are actively working to keep the critical RCMT pump operational. Encouragingly, a noticeable reduction in gas pressure has been recorded, an important and hopeful sign that paves the way for a safer and more controlled capping process. Simultaneously, mobilisation of additional specialised equipment such as the Athey Wagon, Bulldozer, etc., for the capping operation is progressing steadily, further strengthening ONGC's operational preparedness'. Live Events ONGC remains fully committed to bringing the situation to a safe and successful resolution. With each milestone, the team moves closer to securing the well, backed by expertise, dedication, and the support of the local administration and community.
