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Modine (MOD) Falls More Steeply Than Broader Market: What Investors Need to Know
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Modine (MOD - Free Report) closed the most recent trading day at $247.49, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 0.64%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.59%.
The stock of heating and cooling products maker has risen by 18.93% in the past month, leading the Auto-Tires-Trucks sector's gain of 8.63% and the S&P 500's gain of 9.33%.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. In that report, analysts expect Modine to post earnings of $1.51 per share. This would mark year-over-year growth of 34.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $907.34 million, up 40.19% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.82 per share and revenue of $3.13 billion. These totals would mark changes of +19.01% and +21.31%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Modine boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 34.81. This indicates a premium in contrast to its industry's Forward P/E of 12.98.
Investors should also note that MOD has a PEG ratio of 1.02 right now. 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. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 0.94.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 28% echelons of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Modine (MOD) Falls More Steeply Than Broader Market: What Investors Need to Know
Modine (MOD - Free Report) closed the most recent trading day at $247.49, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 0.64%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.59%.
The stock of heating and cooling products maker has risen by 18.93% in the past month, leading the Auto-Tires-Trucks sector's gain of 8.63% and the S&P 500's gain of 9.33%.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. In that report, analysts expect Modine to post earnings of $1.51 per share. This would mark year-over-year growth of 34.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $907.34 million, up 40.19% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.82 per share and revenue of $3.13 billion. These totals would mark changes of +19.01% and +21.31%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Modine boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 34.81. This indicates a premium in contrast to its industry's Forward P/E of 12.98.
Investors should also note that MOD has a PEG ratio of 1.02 right now. 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. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 0.94.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 28% echelons of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.