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 - Free Report) ended the recent trading session at $232.89, demonstrating a +1.89% change from the preceding day's closing price. This change outpaced the S&P 500's 0.54% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 0.77%.
The heating and cooling products maker's shares have seen a decrease of 3.43% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 8.13% and the S&P 500's loss of 4.71%.
The investment community will be paying close attention to the earnings performance of Modine in its upcoming release. The company is forecasted to report an EPS of $1.51, showcasing a 34.82% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $907.34 million, indicating a 40.19% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.82 per share and a revenue of $3.13 billion, representing changes of +19.01% and +21.31%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Modine possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 47.42. This signifies a premium in comparison to the average Forward P/E of 12.09 for its industry.
It is also worth noting that MOD currently has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Original Equipment industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 38% 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Why Modine (MOD) Outpaced the Stock Market Today
Modine (MOD - Free Report) ended the recent trading session at $232.89, demonstrating a +1.89% change from the preceding day's closing price. This change outpaced the S&P 500's 0.54% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 0.77%.
The heating and cooling products maker's shares have seen a decrease of 3.43% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 8.13% and the S&P 500's loss of 4.71%.
The investment community will be paying close attention to the earnings performance of Modine in its upcoming release. The company is forecasted to report an EPS of $1.51, showcasing a 34.82% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $907.34 million, indicating a 40.19% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.82 per share and a revenue of $3.13 billion, representing changes of +19.01% and +21.31%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Modine possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 47.42. This signifies a premium in comparison to the average Forward P/E of 12.09 for its industry.
It is also worth noting that MOD currently has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Original Equipment industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 38% 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.