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In the latest trading session, Modine (MOD - Free Report) closed at $222.97, marking a +2.89% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
Prior to today's trading, shares of the heating and cooling products maker had gained 2.07% outpaced the Auto-Tires-Trucks sector's loss of 8.91% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Modine will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.51, reflecting a 34.82% increase from the same quarter last 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.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $3.13 billion. These results would represent year-over-year changes of +19.01% and +21.31%, respectively.
Investors should also note any recent changes to analyst estimates for Modine. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Modine possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Modine currently has a Forward P/E ratio of 44.96. This indicates a premium in contrast to its industry's Forward P/E of 12.53.
Also, we should mention that MOD has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Modine (MOD) Rises Higher Than Market: Key Facts
In the latest trading session, Modine (MOD - Free Report) closed at $222.97, marking a +2.89% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
Prior to today's trading, shares of the heating and cooling products maker had gained 2.07% outpaced the Auto-Tires-Trucks sector's loss of 8.91% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Modine will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.51, reflecting a 34.82% increase from the same quarter last 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.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $4.82 per share and revenue of $3.13 billion. These results would represent year-over-year changes of +19.01% and +21.31%, respectively.
Investors should also note any recent changes to analyst estimates for Modine. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Modine possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Modine currently has a Forward P/E ratio of 44.96. This indicates a premium in contrast to its industry's Forward P/E of 12.53.
Also, we should mention that MOD has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.