We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Modine (MOD) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest close session, Modine (MOD - Free Report) was down 3.79% at $135.92. This change lagged the S&P 500's 0.5% loss on the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq decreased by 0.5%.
The heating and cooling products maker's stock has climbed by 0.61% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 16.32% and the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Modine in its upcoming release. It is anticipated that the company will report an EPS of $1.01, marking a 4.12% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $690.47 million, up 4.93% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.63 per share and a revenue of $2.88 billion, indicating changes of +14.32% and +11.31%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Modine. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Modine is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Modine's current valuation metrics, including its Forward P/E ratio of 30.51. This represents a premium compared to its industry average Forward P/E of 14.25.
We can also see that MOD currently has a PEG ratio of 0.9. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 1.29.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 70, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MOD in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Modine (MOD) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Modine (MOD - Free Report) was down 3.79% at $135.92. This change lagged the S&P 500's 0.5% loss on the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq decreased by 0.5%.
The heating and cooling products maker's stock has climbed by 0.61% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 16.32% and the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Modine in its upcoming release. It is anticipated that the company will report an EPS of $1.01, marking a 4.12% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $690.47 million, up 4.93% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.63 per share and a revenue of $2.88 billion, indicating changes of +14.32% and +11.31%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Modine. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Modine is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Modine's current valuation metrics, including its Forward P/E ratio of 30.51. This represents a premium compared to its industry average Forward P/E of 14.25.
We can also see that MOD currently has a PEG ratio of 0.9. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 1.29.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 70, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MOD in the coming trading sessions, be sure to utilize Zacks.com.