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Modine (MOD) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, Modine (MOD - Free Report) closed at $91.66, marking a -1.21% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.01%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.32%.
Heading into today, shares of the heating and cooling products maker had gained 2.83% over the past month, lagging the Auto-Tires-Trucks sector's gain of 11.92% and the S&P 500's gain of 5.2% in that time.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. The company is expected to report EPS of $0.99, down 4.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $652.06 million, indicating a 1.43% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $2.71 billion, which would represent changes of +11.36% and +4.84%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.11% lower within the past month. Modine currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Modine is holding a Forward P/E ratio of 20.59. For comparison, its industry has an average Forward P/E of 11.72, which means Modine is trading at a premium to the group.
We can also see that MOD currently has a PEG ratio of 0.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. MOD's industry had an average PEG ratio of 1.04 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 133, which puts it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Modine (MOD) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, Modine (MOD - Free Report) closed at $91.66, marking a -1.21% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.01%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.32%.
Heading into today, shares of the heating and cooling products maker had gained 2.83% over the past month, lagging the Auto-Tires-Trucks sector's gain of 11.92% and the S&P 500's gain of 5.2% in that time.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. The company is expected to report EPS of $0.99, down 4.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $652.06 million, indicating a 1.43% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $2.71 billion, which would represent changes of +11.36% and +4.84%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.11% lower within the past month. Modine currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Modine is holding a Forward P/E ratio of 20.59. For comparison, its industry has an average Forward P/E of 11.72, which means Modine is trading at a premium to the group.
We can also see that MOD currently has a PEG ratio of 0.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. MOD's industry had an average PEG ratio of 1.04 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 133, which puts it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.