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Highest Future Earnings Growth in the Auto Parts & Equipment Industry Detected in Shares of Horizon Global (HZN, MPAA, SMP, MOD, MPG)

By Amy Schwartz

Below are the three companies in the Auto Parts & Equipment industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Horizon Global ranks highest with a future earnings growth of 49.7%. Motorcar Parts is next with a future earnings growth of 35.1%. Standard Motor ranks third highest with a future earnings growth of 27.4%.

Modine Mfg Co follows with a future earnings growth of 15.1%, and Metaldyne Perfor rounds out the top five with a future earnings growth of 14.0%.

SmarTrend recommended that subscribers consider buying shares of Horizon Global on April 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $2.50. Since that recommendation, shares of Horizon Global have risen 43.6%. We continue to monitor Horizon Global for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest future earnings growth horizon global motorcar parts standard motor modine mfg co :mpg metaldyne perfor

Ticker(s): HZN MPAA SMP MOD