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.
Why the Market Dipped But Modine (MOD) Gained Today
Read MoreHide Full Article
Modine (MOD - Free Report) ended the recent trading session at $187.20, demonstrating a +1.89% change from the preceding day's closing price. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the heating and cooling products maker have appreciated by 1.55% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 2.07%, and the S&P 500's loss of 0.42%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.46, reflecting a 37.74% increase from the same 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. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, the Zacks Consensus EPS estimate remained stagnant. As of now, Modine holds a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 24.02. This indicates a premium in contrast to its industry's Forward P/E of 11.75.
One should further note that MOD currently holds a PEG ratio of 0.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.73.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 34% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But Modine (MOD) Gained Today
Modine (MOD - Free Report) ended the recent trading session at $187.20, demonstrating a +1.89% change from the preceding day's closing price. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the heating and cooling products maker have appreciated by 1.55% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 2.07%, and the S&P 500's loss of 0.42%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.46, reflecting a 37.74% increase from the same 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. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, the Zacks Consensus EPS estimate remained stagnant. As of now, Modine holds a Zacks Rank of #3 (Hold).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 24.02. This indicates a premium in contrast to its industry's Forward P/E of 11.75.
One should further note that MOD currently holds a PEG ratio of 0.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.73.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 34% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.