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Shares of Faro Tech Rank the Highest in Terms of Future Earnings Growth in the Electronic Equipment & Instruments Industry (FARO, DAKT, ITRI, MTSC, CGNX)

By Amy Schwartz

Below are the three companies in the Electronic Equipment & Instruments 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.

Faro Tech ranks highest with a future earnings growth of 116.1%. Following is Daktronics Inc with a future earnings growth of 79.2%. Itron Inc ranks third highest with a future earnings growth of 43.0%.

Mts Systems Corp follows with a future earnings growth of 38.9%, and Cognex Corp rounds out the top five with a future earnings growth of 35.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Daktronics Inc on October 8th, 2019 by issuing a Downtrend alert when the shares were trading at $6.90. Since that call, shares of Daktronics Inc have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest future earnings growth faro tech daktronics inc itron inc mts systems corp cognex corp

Ticker(s): FARO DAKT ITRI MTSC CGNX