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) Stock Moves -1.88%: What You Should Know
Read MoreHide Full Article
The most recent trading session ended with Modine (MOD - Free Report) standing at $75.50, reflecting a -1.88% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 2.24%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 3.07%.
Shares of the heating and cooling products maker have depreciated by 7.33% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 3.98% and the S&P 500's loss of 4.17%.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 24.68% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $629.47 million, up 4.3% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 2.71% lower within the past month. Right now, Modine possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Modine is at present trading with a Forward P/E ratio of 16.72. This signifies a premium in comparison to the average Forward P/E of 9.55 for its industry.
It is also worth noting that MOD currently has a PEG ratio of 0.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Original Equipment industry currently had an average PEG ratio of 0.6 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 30% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Modine (MOD) Stock Moves -1.88%: What You Should Know
The most recent trading session ended with Modine (MOD - Free Report) standing at $75.50, reflecting a -1.88% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 2.24%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 3.07%.
Shares of the heating and cooling products maker have depreciated by 7.33% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 3.98% and the S&P 500's loss of 4.17%.
Investors will be eagerly watching for the performance of Modine in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 24.68% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $629.47 million, up 4.3% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Modine. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 2.71% lower within the past month. Right now, Modine possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Modine is at present trading with a Forward P/E ratio of 16.72. This signifies a premium in comparison to the average Forward P/E of 9.55 for its industry.
It is also worth noting that MOD currently has a PEG ratio of 0.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Original Equipment industry currently had an average PEG ratio of 0.6 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 30% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.