Top 5 Companies in the Auto Parts & Equipment Industry With the Highest Future Earnings Growth (SRI, VC, DW, MOD, MGA)
Below are the three companies in the Auto Parts & Equipment 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.
Stoneridge ranks highest with a future earnings growth of 36.8%. Following is Visteon with a future earnings growth of 32.6%. Drew Industries ranks third highest with a future earnings growth of 22.7%.
Modine Manufacturing follows with a future earnings growth of 20.4%, and Magna International rounds out the top five with a future earnings growth of 19.0%.
SmarTrend recommended that subscribers consider buying shares of Magna International on July 14th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $37.61. Since that recommendation, shares of Magna International have risen 7.8%. We continue to monitor Magna International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest future earnings growth stoneridge visteon drew industries modine manufacturing Magna International