We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Modine (MOD) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Modine (MOD - Free Report) closed the most recent trading day at $193.11, moving -1.45% from the previous trading session. This change lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the heating and cooling products maker had gained 4.23% in the past month. In that same time, the Auto-Tires-Trucks sector lost 0.22%, while the S&P 500 gained 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Modine in its upcoming earnings disclosure. In that report, analysts expect Modine to post earnings of $1.46 per share. This would mark year-over-year growth of 37.74%. In the meantime, our current consensus estimate forecasts the revenue to be $964.62 million, indicating a 30.55% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.65 per share and revenue of $4.04 billion. These totals would mark changes of +52.39% and +27.06%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has remained steady. Modine presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Modine is holding a Forward P/E ratio of 25.62. This denotes a premium relative to the industry average Forward P/E of 12.56.
It is also worth noting that MOD currently has a PEG ratio of 0.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Automotive - Original Equipment stocks are, on average, holding a PEG ratio of 0.75 based on yesterday's closing prices.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Modine (MOD) Dips More Than Broader Market: What You Should Know
Modine (MOD - Free Report) closed the most recent trading day at $193.11, moving -1.45% from the previous trading session. This change lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the heating and cooling products maker had gained 4.23% in the past month. In that same time, the Auto-Tires-Trucks sector lost 0.22%, while the S&P 500 gained 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Modine in its upcoming earnings disclosure. In that report, analysts expect Modine to post earnings of $1.46 per share. This would mark year-over-year growth of 37.74%. In the meantime, our current consensus estimate forecasts the revenue to be $964.62 million, indicating a 30.55% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.65 per share and revenue of $4.04 billion. These totals would mark changes of +52.39% and +27.06%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has remained steady. Modine presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Modine is holding a Forward P/E ratio of 25.62. This denotes a premium relative to the industry average Forward P/E of 12.56.
It is also worth noting that MOD currently has a PEG ratio of 0.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Automotive - Original Equipment stocks are, on average, holding a PEG ratio of 0.75 based on yesterday's closing prices.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.