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Headwaters has the Highest Future Earnings Growth in the Construction Materials Industry (HW, EXP, JHX)

Published on Wed, 01/30/2013 - 11:20
By Adrienne Chilton

Below are the three companies in the Construction Materials 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.

Headwaters (NYSE:HW) is highest with future earnings growth of 91.6%. Headwaters Incorporated develops and deploys alternative fuel and related technologies. The Company converts fossil fuels such as coal and heavy oils to alternative energy products while improving energy efficiency and the environment. Headwaters also acquires and expands synergistic new business opportunities. Thus far today, Headwaters has traded 377,000 shares, vs. average volume of 1.4 million shares per day. The stock has outperformed the Dow (1.3% to the Dow's -0.1%) and outperformed the S&P 500 (1.3% to the S&P's -0.2%) during today's trading.

Eagle Materials (NYSE:EXP) is next with future earnings growth of 65.4%.

Finishing up the top three is James Hardie Industries (NYSE:JHX), with future earnings growth of 38.8%.

By Adrienne Chilton