Don't Overlook These Highly Ranked Manufacturing Stocks

Core Viewpoint - The manufacturing sector, particularly stocks like Zebra Technologies, Powell Industries, and John Bean Technologies, presents strong investment opportunities due to their robust earnings growth projections and favorable market positions [2][4][5]. Manufacturing Sector Overview - The Zacks Manufacturing-Thermal Products Industry is in the top one percentile of approximately 250 Zacks industries, indicating strong performance and potential for growth [6]. - The Industrial Products sector ranks fifth out of 16 Zacks sectors, comprising five thriving business industries [15]. Company Highlights - Zebra Technologies: - Holds a Zacks Rank 1 (Strong Buy) with EPS expected to increase by 23% in fiscal 2024 and another 20% in FY25, reaching $14.60 per share [2]. - Powell Industries: - Has seen its stock soar over 100% in the last year, with earnings estimate revisions for FY24 and FY25 suggesting continued growth. The company is expected to see FY24 EPS spike 119% to $9.04 compared to $4.12 last year [4][18]. - Trades at a forward earnings multiple of 16X and has an overall "A" VGM Zacks Style Scores grade [18]. - John Bean Technologies: - Holds a Zacks Rank 2 (Buy) and is projected to see EPS soar by 25% in FY24 to $5.15, with an additional 8% increase expected in FY25 [7]. Performance Metrics - Both Zebra Technologies and John Bean Technologies have shown strong historical performance, with both stocks climbing over 200% in the last decade, outperforming the S&P 500's 190% increase [10].