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Modine (MOD) Declines More Than Market: Some Information for Investors
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Modine (MOD - Free Report) ended the recent trading session at $262.03, demonstrating a -1.8% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.41% for the day. On the other hand, the Dow registered a loss of 1.13%, and the technology-centric Nasdaq decreased by 0.19%.
Shares of the heating and cooling products maker have appreciated by 21.66% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 1.33%, and the S&P 500's gain of 10.02%.
Market participants will be closely following the financial results 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. Our most recent consensus estimate is calling for quarterly revenue of $907.34 million, up 40.19% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.82 per share and a revenue of $3.13 billion, indicating changes of +19.01% and +21.31%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Modine presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 36.93. This valuation marks a premium compared to its industry average Forward P/E of 13.17.
We can additionally observe that MOD currently boasts a PEG ratio of 1.09. 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. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 1.08.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Declines More Than Market: Some Information for Investors
Modine (MOD - Free Report) ended the recent trading session at $262.03, demonstrating a -1.8% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.41% for the day. On the other hand, the Dow registered a loss of 1.13%, and the technology-centric Nasdaq decreased by 0.19%.
Shares of the heating and cooling products maker have appreciated by 21.66% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 1.33%, and the S&P 500's gain of 10.02%.
Market participants will be closely following the financial results 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. Our most recent consensus estimate is calling for quarterly revenue of $907.34 million, up 40.19% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.82 per share and a revenue of $3.13 billion, indicating changes of +19.01% and +21.31%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Modine presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is currently trading at a Forward P/E ratio of 36.93. This valuation marks a premium compared to its industry average Forward P/E of 13.17.
We can additionally observe that MOD currently boasts a PEG ratio of 1.09. 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. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 1.08.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.