Zagg is Among the Companies in the Consumer Electronics Industry With the Highest Projected Earnings Growth (ZAGG, HAR, GRMN)

Below are the three companies in the Consumer Electronics 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.

Zagg (NASDAQ:ZAGG) is highest with projected earnings growth of 28.3%. Zagg Incorporated designs, manufactures and distribute branded protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.

Zagg (NASDAQ:ZAGG) has potential upside of 117.8% based on a current price of $6.85 and analysts' consensus price target of $14.92. The stock should run into initial resistance at its 50-day moving average (MA) of $7.33 and subsequent resistance at its 200-day MA of $9.00.

Harman International Industries (NYSE:HAR) is next with projected earnings growth of 15.5%.

Finishing up the top three is Garmin (NASDAQ:GRMN), with projected earnings growth of 6.9%.

By Robert Cotter
rcotter@fnno.com

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