Why Modine (MOD) Dipped More Than Broader Market Today

Company Performance - Modine's stock decreased by 4.44% to $99.90, underperforming the S&P 500's daily loss of 0.79% [1] - Over the past month, Modine's stock has increased by 11.66%, outperforming the Auto-Tires-Trucks sector's decline of 2.1% and the S&P 500's gain of 5.22% [1] Upcoming Earnings - Modine is expected to report an EPS of $0.96, reflecting a 7.69% decrease from the same quarter last year [2] - The revenue forecast for Modine is $651.12 million, indicating a 1.57% decline compared to the previous year [2] Full Year Projections - For the full year, earnings are projected at $4.52 per share, representing an increase of 11.6% from the prior year [3] - Revenue is estimated to be $2.74 billion, showing a growth of 6.14% compared to the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Modine suggest positive short-term business trends, which are generally viewed as favorable for the business outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks Modine at 3 (Hold) [5] Valuation Metrics - Modine's Forward P/E ratio stands at 23.13, indicating a premium compared to its industry's Forward P/E of 12.83 [5] - The company has a PEG ratio of 0.68, which is lower than the average PEG ratio of 1.12 for Automotive - Original Equipment stocks [6] Industry Context - The Automotive - Original Equipment industry ranks 142 in the Zacks Industry Rank, placing it in the bottom 43% of over 250 industries [7] - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [7]