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Modine (MOD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Modine (MOD - Free Report) ended the recent trading session at $182.18, demonstrating a -3.76% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the heating and cooling products maker had lost 9.64% in the past month. In that same time, the Auto-Tires-Trucks sector gained 4.63%, while the S&P 500 lost 0.82%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company is predicted to post an EPS of $1.46, indicating a 37.74% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $964.62 million, indicating a 30.55% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $7.65 per share and a revenue of $4.04 billion, demonstrating changes of +52.39% and +27.06%, respectively, from the preceding year.
Any recent changes to analyst estimates for Modine should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Modine is currently a Zacks Rank #3 (Hold).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 24.75. This indicates a premium in contrast to its industry's Forward P/E of 13.28.
One should further note that MOD currently holds a PEG ratio of 0.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Automotive - Original Equipment industry had an average PEG ratio of 0.79 as trading concluded yesterday.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Modine (MOD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Modine (MOD - Free Report) ended the recent trading session at $182.18, demonstrating a -3.76% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the heating and cooling products maker had lost 9.64% in the past month. In that same time, the Auto-Tires-Trucks sector gained 4.63%, while the S&P 500 lost 0.82%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company is predicted to post an EPS of $1.46, indicating a 37.74% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $964.62 million, indicating a 30.55% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $7.65 per share and a revenue of $4.04 billion, demonstrating changes of +52.39% and +27.06%, respectively, from the preceding year.
Any recent changes to analyst estimates for Modine should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Modine is currently a Zacks Rank #3 (Hold).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 24.75. This indicates a premium in contrast to its industry's Forward P/E of 13.28.
One should further note that MOD currently holds a PEG ratio of 0.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Automotive - Original Equipment industry had an average PEG ratio of 0.79 as trading concluded yesterday.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.