Modine (MOD) Outperforms Broader Market: What You Need to Know

Company Performance - Modine's stock closed at $99.93, reflecting a +2.84% increase from the previous day, outperforming the S&P 500's gain of 1.11% [1] - Over the past month, Modine's shares have appreciated by 8.2%, significantly exceeding the Auto-Tires-Trucks sector's gain of 0.34% and the S&P 500's gain of 3.92% [1] Earnings Forecast - The upcoming earnings report for Modine is expected to show an EPS of $0.98, which is a 5.77% decrease compared to the same quarter last year [2] - Revenue is anticipated to be $654.07 million, indicating a 1.12% decline from the same quarter last year [2] - For the entire fiscal year, earnings are projected at $4.51 per share and revenue at $2.73 billion, reflecting increases of +11.36% and +5.77% respectively from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Modine are crucial as they reflect changing short-term business dynamics, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Modine at 3 (Hold) [6] Valuation Metrics - Modine is currently trading at a Forward P/E ratio of 21.53, which is higher than the industry average Forward P/E of 12.12 [7] - The company has a PEG ratio of 0.63, compared to the Automotive - Original Equipment industry's average PEG ratio of 1.07 [7] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 74, placing it in the top 31% of over 250 industries [8]