Shares of Ceco Environmental Rank the Highest in Terms of Forward Earnings Yield in the Environmental & Facilities Services Industry (CECE, TISI, TTEK, SRCL, ABM)
Below are the three companies in the Environmental & Facilities Services industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Ceco Environmental ranks highest with a forward earnings yield of 9.5%. Following is Team with a forward earnings yield of 7.9%. Tetra Tech ranks third highest with a forward earnings yield of 5.4%.
Stericycle follows with a forward earnings yield of 4.9%, and ABM Industries rounds out the top five with a forward earnings yield of 4.7%.
SmarTrend recommended that subscribers consider buying shares of Tetra Tech on January 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $26.09. Since that recommendation, shares of Tetra Tech have risen 29.0%. We continue to monitor Tetra Tech for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward earnings yield ceco environmental Tetra Tech stericycle abm industries