Modine (MOD) Q2 Earnings and Revenues Surpass Estimates

Group 1 - Modine reported quarterly earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, and up from $0.89 per share a year ago, representing an earnings surprise of 4.30% [1] - The company achieved revenues of $658 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.06%, and an increase from $620.5 million year-over-year [2] - Modine has outperformed the S&P 500 with a stock price increase of approximately 119.5% since the beginning of the year, compared to the S&P 500's gain of 22.1% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.86 on revenues of $622.09 million, and for the current fiscal year, it is $3.86 on revenues of $2.61 billion [7] - The Zacks Industry Rank indicates that the Automotive - Original Equipment sector is currently in the bottom 24% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]