Below are the three companies in the Trucking 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.
Arkansas Best (NASDAQ:ABFS) is highest with future earnings growth of 243.6%. Arkansas Best Corporation is a diversified holding company involved in motor carrier transportation and intermodal transportation operations. The Company transports a variety of goods around the world.
There is potential upside of 31.6% for shares of Arkansas Best based on a current price of $19.25 and an average consensus analyst price target of $25.33. The stock should find resistance at its 200-day moving average (MA) of $21.53, as well as support at its 50-day MA of $19.08.
Saia (NASDAQ:SAIA) is next with future earnings growth of 53.0%.
Finishing up the top three is Hertz Global (NYSE:HTZ), with future earnings growth of 40.0%.
