International Game Technology is Among the Companies in the Casinos & Gaming Industry With the Highest Projected Earnings Growth (IGT, ISLE, CHDN, MGM, MCRI)
Below are the three companies in the Casinos & Gaming 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.
International Game Technology ranks highest with a projected earnings growth of 94.2%. Following is Isle of Capri Casinos with a projected earnings growth of 67.2%. Churchill Downs ranks third highest with a projected earnings growth of 51.2%.
MGM Resorts International follows with a projected earnings growth of 35.8%, and Monarch Casino & Resort rounds out the top five with a projected earnings growth of 32.2%.
SmarTrend recommended that subscribers consider buying shares of International Game Technology on February 19th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $14.14. Since that recommendation, shares of International Game Technology have risen 22.7%. We continue to monitor International Game Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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