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Modine (MOD) Stock Slides as Market Rises: Facts to Know Before You Trade
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Modine (MOD - Free Report) closed at $253.66 in the latest trading session, marking a -1.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 1.96%.
Coming into today, shares of the heating and cooling products maker had gained 29.83% in the past month. In that same time, the Auto-Tires-Trucks sector lost 4.01%, while the S&P 500 gained 3.93%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company's upcoming EPS is projected at $1.51, signifying a 34.82% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $907.34 million, up 40.19% from the prior-year quarter.
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.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Modine boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Modine is currently being traded at a Forward P/E ratio of 35.57. This represents a premium compared to its industry average Forward P/E of 12.86.
Investors should also note that MOD has a PEG ratio of 1.05 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Original Equipment industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 39% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Modine (MOD) Stock Slides as Market Rises: Facts to Know Before You Trade
Modine (MOD - Free Report) closed at $253.66 in the latest trading session, marking a -1.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 1.96%.
Coming into today, shares of the heating and cooling products maker had gained 29.83% in the past month. In that same time, the Auto-Tires-Trucks sector lost 4.01%, while the S&P 500 gained 3.93%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company's upcoming EPS is projected at $1.51, signifying a 34.82% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $907.34 million, up 40.19% from the prior-year quarter.
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.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Modine boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Modine is currently being traded at a Forward P/E ratio of 35.57. This represents a premium compared to its industry average Forward P/E of 12.86.
Investors should also note that MOD has a PEG ratio of 1.05 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Original Equipment industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 39% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.