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Highest Future Earnings Growth in the Casinos & Gaming Industry Detected in Shares of Scientific Games (SGMS, MCRI, DDE, ISLE, CHDN)
Jan 02, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Casinos & Gaming 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.Scientific Games ranks highest with a future earnings growth of 317.8%. Following is Monarch Casino & Resort with a future earnings growth of 34.6%. Dover Downs Gaming & Entertainment ranks third highest with a future earnings growth of 30.4%.
Isle of Capri Casinos follows with a future earnings growth of 28.5%, and Churchill Downs rounds out the top five with a future earnings growth of 23.3%.
SmarTrend recommended that subscribers consider buying shares of Churchill Downs on November 20th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $60.62. Since that recommendation, shares of Churchill Downs have risen 9.6%. We continue to monitor Churchill Downs for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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