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Top 5 Companies in the Auto Parts & Equipment Industry With the Highest Future Earnings Growth (SRI, VC, DW, MOD, MGA)

By James Quinn

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%. Visteon is next 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 its subscribers protect gains by selling shares of Magna International on October 19th, 2016 by issuing a Downtrend alert when the shares were trading at $40.44. Since that call, shares of Magna International have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest future earnings growth stoneridge visteon drew industries modine manufacturing Magna International

Ticker(s): SRI VC DW MOD MGA