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Modine (MOD) Surpasses Market Returns: Some Facts Worth Knowing
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Modine (MOD - Free Report) closed at $274.50 in the latest trading session, marking a +1.1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
The heating and cooling products maker's shares have seen a decrease of 7.07% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 6.53% and the S&P 500's loss of 0.23%.
Market participants will be closely following the financial results of Modine in its upcoming release. The company is expected to report EPS of $1.43, up 34.91% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $895.49 million, up 31.15% from the year-ago period.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $7.73 per share and revenue of $4.03 billion. These results would represent year-over-year changes of +53.98% and +26.76%, respectively.
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. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has shifted 6.99% upward. Right now, Modine possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Modine has a Forward P/E ratio of 35.12 right now. This expresses a premium compared to the average Forward P/E of 13.11 of its industry.
Investors should also note that MOD has a PEG ratio of 0.88 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Automotive - Original Equipment industry was having an average PEG ratio of 0.88.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Modine (MOD) Surpasses Market Returns: Some Facts Worth Knowing
Modine (MOD - Free Report) closed at $274.50 in the latest trading session, marking a +1.1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
The heating and cooling products maker's shares have seen a decrease of 7.07% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 6.53% and the S&P 500's loss of 0.23%.
Market participants will be closely following the financial results of Modine in its upcoming release. The company is expected to report EPS of $1.43, up 34.91% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $895.49 million, up 31.15% from the year-ago period.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $7.73 per share and revenue of $4.03 billion. These results would represent year-over-year changes of +53.98% and +26.76%, respectively.
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. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has shifted 6.99% upward. Right now, Modine possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Modine has a Forward P/E ratio of 35.12 right now. This expresses a premium compared to the average Forward P/E of 13.11 of its industry.
Investors should also note that MOD has a PEG ratio of 0.88 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Automotive - Original Equipment industry was having an average PEG ratio of 0.88.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.