Company Performance - Modine's stock closed at $135.53, reflecting a +0.97% change from the previous day, outperforming the S&P 500's daily loss of 0.02% [1] - Over the past month, Modine's shares have increased by 14.78%, while the Auto-Tires-Trucks sector declined by 3.97% and the S&P 500 gained 3.77% [1] - The upcoming earnings release on October 29, 2024, is expected to show an EPS of $0.93, a 4.49% increase from the same quarter last year, with projected revenue of $644.74 million, up 3.91% year-over-year [1] Analyst Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $3.86 per share and revenue of $2.61 billion, representing increases of +18.77% and +8.44% from the previous year [2] - Recent upward revisions in analyst estimates indicate positive sentiment towards Modine's business operations and profit generation capabilities [2] Zacks Rank and Valuation - Modine currently holds a Zacks Rank of 1 (Strong Buy), with a proven track record of outperformance, as 1 stocks have returned an average of +25% annually since 1988 [3] - The Forward P/E ratio for Modine is 34.79, which is a premium compared to the industry average of 11.74 [3] - Modine's PEG ratio stands at 1.02, compared to the Automotive - Original Equipment industry's average PEG ratio of 0.77 [3] Industry Overview - The Automotive - Original Equipment industry is ranked 160 in the Zacks Industry Rank, placing it in the bottom 37% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Modine (MOD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MOD crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. Like othe ...

RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its second quarter financial results for the period ended September 30, 2024, on Wednesday, October 30, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, October 29, 2024. During the call, Modine President and Chie ...

Core Insights - Modine has introduced two new low-intensity tube heaters, the MRS and MRL, to enhance outdoor comfort in various settings such as home patios, restaurant patios, and entertainment venues [1][3]. Product Details - The MRS heater has a length of 9 feet and can heat spaces up to 180 square feet, with fire rates of 50,000 BTU/hr (high) and 35,000 BTU/hr (low) [4]. - The MRL heater is larger, measuring 16 feet 4 inches, and can heat areas up to 312 square feet, offering multiple fire rate options: 65,000 BTU/hr (high) and 50,000 BTU/hr (low), 80,000 BTU/hr (high) and 52,000 BTU/hr (low), and 100,000 BTU/hr (high) and 65,000 BTU/hr (low) [4]. Market Position - The introduction of the MRS and MRL reflects strong market demand for infrared heating solutions, showcasing Modine's commitment to quality and innovation in the HVAC industry [3][5]. - Modine's offerings are designed for easy installation and are available in both natural gas and propane configurations, catering to diverse customer needs [3][4]. Company Overview - Modine has over 100 years of experience in thermal management and operates globally, focusing on improving air quality and conserving natural resources [5]. - The company employs more than 11,000 people worldwide and is headquartered in Racine, Wisconsin [5].

Core Insights - Modine has appointed Dan Hedstrom as the new Chief Information Officer (CIO), effective immediately, succeeding Steve Langer who is set to retire at the end of the year [1][2]. Group 1: Leadership Transition - Dan Hedstrom will lead Modine's global IT function and execute the company's digital strategy, focusing on business-aligned IT solutions to optimize performance, enhance productivity, and improve cybersecurity [2]. - Steve Langer has served as Vice President of Information Technology for seven years and will retire at the end of 2024 [1][4]. Group 2: Dan Hedstrom's Background - Hedstrom joins Modine from Cubic Corporation, where he spent 12 years and was promoted to Vice President and CIO in 2018, with experience in scaling IT systems for growth [3]. - He holds a bachelor's degree in Computer Engineering from California Polytechnic State University [3]. Group 3: Company Overview - Modine is a global leader in thermal management technology, with over 11,000 employees worldwide, dedicated to improving air quality and conserving natural resources [4]. - The company operates in North America, South America, Europe, and Asia, focusing on Climate Solutions and Performance Technologies to reduce energy consumption and harmful emissions [4].

Modine (MOD) closed at $134.01 in the latest trading session, marking a +0.93% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.71%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 0.6%. Shares of the heating and cooling products maker witnessed a gain of 40.35% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its gain of 5.44% and the S&P 500's gain of 6.41%. Market participants will be closely following th ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Modine (MOD), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][3]. Brokerage Recommendations - Modine has an average brokerage recommendation (ABR) of 1.20, indicating a consensus between Strong Buy and Buy, with 80% of recommendations being Strong Buy and 20% being Buy [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show that brokerage recommendations often fail to guide investors effectively [3][4]. Analyst Bias - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, issuing five "Strong Buy" recommendations for every "Strong Sell" [4][8]. - This misalignment of interests can lead to misleading guidance for retail investors regarding stock price movements [5][8]. Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [6][9]. - Unlike the ABR, which is based solely on brokerage recommendations, the Zacks Rank is a quantitative model that reflects timely changes in earnings estimates [7][10]. Earnings Estimates for Modine - The Zacks Consensus Estimate for Modine's earnings has increased by 0.3% over the past month to $3.86, indicating growing analyst optimism about the company's earnings prospects [11]. - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank of 1 (Strong Buy) for Modine, suggesting a potential for stock price appreciation [12].

Investor looking for opportunities with a nice risk-adjusted ROI. Focused on companies dominating their spaces, in sectors with long-term growth and resilience. Especially interested in Semiconductors, Cybersecurity, and Medical technology - but remaining open-minded to everything. I will generally hold for as long as I believe the company and the management can deliver results. For Dividend investing, I employ a rather aggressive strategy of high yields and, ideally, high growth, not shying away from globa ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of ...

Core Viewpoint - Modine (MOD) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The correlation between changes in a company's future earnings potential and its stock price movements is strong, largely influenced by institutional investors who adjust their valuations based on earnings estimates [3]. - Rising earnings estimates and the subsequent rating upgrade for Modine indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [8][9]. Modine's Earnings Estimate Revisions - For the fiscal year ending March 2025, Modine is expected to earn $3.86 per share, reflecting an 18.8% increase from the previous year, with a 4.2% rise in the Zacks Consensus Estimate over the past three months [7].