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

Image Sensing Systems ranks highest with a projected earnings growth of 221.4%. Daktronics is next with a projected earnings growth of 191.5%. Iteris ranks third highest with a projected earnings growth of 50.0%.

FEI Co follows with a projected earnings growth of 15.2%, and OSI Systems rounds out the top five with a projected earnings growth of 13.9%.

SmarTrend recommended that subscribers consider buying shares of Iteris on January 25th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $1.40. Since that recommendation, shares of Iteris have risen 18.6%. We continue to monitor Iteris for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.