Modine (MOD) Beats Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Modine reported quarterly earnings of $0.92 per share, exceeding the Zacks Consensus Estimate of $0.79 per share, and up from $0.74 per share a year ago, representing an earnings surprise of 16.46% [1] - The company posted revenues of $616.8 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.62%, and an increase from year-ago revenues of $561.4 million [2] Group 2: Stock Performance and Outlook - Modine shares have declined approximately 16.8% since the beginning of the year, contrasting with the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $692.7 million, and for the current fiscal year, it is $3.83 on revenues of $2.62 billion [7] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Modine belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - Another company in the same industry, Dana, is expected to report quarterly earnings of $0.10 per share, reflecting a year-over-year increase of 225%, with a consensus EPS estimate revised 22.9% higher in the last 30 days [9]