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Hooker Furniture has the Highest Projected Earnings Growth in the Home Furnishings Industry (HOFT, BSET, MHK, LEG, TPX)

By Shiri Gupta

Below are the three companies in the Home Furnishings industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Hooker Furniture ranks highest with a projected earnings growth of 43.1%. Following is Bassett Furn with a projected earnings growth of 19.6%. Mohawk Inds ranks third highest with a projected earnings growth of 15.8%.

Leggett & Platt follows with a projected earnings growth of 11.8%, and Tempur Sealy Int rounds out the top five with a projected earnings growth of 11.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tempur Sealy Int on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $57.81. Since that call, shares of Tempur Sealy Int have fallen 21.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest projected earnings growth hooker furniture bassett furn mohawk inds leggett & platt tempur sealy int

Ticker(s): HOFT BSET MHK LEG TPX