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Modine (MOD) Declines More Than Market: Some Information for Investors
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Modine (MOD - Free Report) closed the most recent trading day at $157.40, moving -8.79% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.11% for the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1.88%.
Prior to today's trading, shares of the heating and cooling products maker had lost 3.52% lagged the Auto-Tires-Trucks sector's loss of 1.09% and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Modine in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.47, marking a 38.68% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $964.62 million, showing a 30.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $7.68 per share and a revenue of $4.04 billion, demonstrating changes of +52.99% and +27.01%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.41% higher. Right now, Modine possesses a Zacks Rank of #2 (Buy).
Investors should also note Modine's current valuation metrics, including its Forward P/E ratio of 22.47. This indicates a premium in contrast to its industry's Forward P/E of 11.74.
It's also important to note that MOD currently trades at a PEG ratio of 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 0.73 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Modine (MOD) Declines More Than Market: Some Information for Investors
Modine (MOD - Free Report) closed the most recent trading day at $157.40, moving -8.79% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.11% for the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1.88%.
Prior to today's trading, shares of the heating and cooling products maker had lost 3.52% lagged the Auto-Tires-Trucks sector's loss of 1.09% and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Modine in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.47, marking a 38.68% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $964.62 million, showing a 30.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $7.68 per share and a revenue of $4.04 billion, demonstrating changes of +52.99% and +27.01%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.41% higher. Right now, Modine possesses a Zacks Rank of #2 (Buy).
Investors should also note Modine's current valuation metrics, including its Forward P/E ratio of 22.47. This indicates a premium in contrast to its industry's Forward P/E of 11.74.
It's also important to note that MOD currently trades at a PEG ratio of 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 0.73 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.