Modine (MOD) Ascends While Market Falls: Some Facts to Note

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]