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Why Modine (MOD) Dipped More Than Broader Market Today
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Modine (MOD - Free Report) closed the most recent trading day at $138.79, moving -3.31% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.31% for the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Prior to today's trading, shares of the heating and cooling products maker had lost 23.32% lagged the Auto-Tires-Trucks sector's gain of 7.66% and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company is scheduled to release its earnings on November 3, 2026. On that day, Modine is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 38.68%. Simultaneously, our latest consensus estimate expects the revenue to be $964.62 million, showing a 30.55% escalation compared to the year-ago quarter.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $7.02 per share and revenue of $3.51 billion. These results would represent year-over-year changes of +39.84% and +10.22%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.22% lower. Modine is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 20.45. This indicates a premium in contrast to its industry's Forward P/E of 12.2.
It's also important to note that MOD currently trades at a PEG ratio of 0.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Original Equipment industry currently had an average PEG ratio of 0.81 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Modine (MOD) Dipped More Than Broader Market Today
Modine (MOD - Free Report) closed the most recent trading day at $138.79, moving -3.31% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.31% for the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Prior to today's trading, shares of the heating and cooling products maker had lost 23.32% lagged the Auto-Tires-Trucks sector's gain of 7.66% and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of Modine in its forthcoming earnings report. The company is scheduled to release its earnings on November 3, 2026. On that day, Modine is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 38.68%. Simultaneously, our latest consensus estimate expects the revenue to be $964.62 million, showing a 30.55% escalation compared to the year-ago quarter.
MOD's full-year Zacks Consensus Estimates are calling for earnings of $7.02 per share and revenue of $3.51 billion. These results would represent year-over-year changes of +39.84% and +10.22%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Modine. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.22% lower. Modine is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Modine is presently being traded at a Forward P/E ratio of 20.45. This indicates a premium in contrast to its industry's Forward P/E of 12.2.
It's also important to note that MOD currently trades at a PEG ratio of 0.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Original Equipment industry currently had an average PEG ratio of 0.81 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.