Modine (MOD) Stock Slides as Market Rises: Facts to Know Before You Trade

Core Viewpoint - Modine's recent stock performance has lagged behind major indices, but it has shown positive growth over the past month, outperforming its sector and the S&P 500 [1] Group 1: Recent Performance - Modine closed at $147.05, reflecting a -2.94% change from the previous day, while the S&P 500 gained 0.85% [1] - Over the past month, Modine's shares have appreciated by 6.9%, outperforming the Auto-Tires-Trucks sector's gain of 5.23% and the S&P 500's gain of 2.38% [1] Group 2: Upcoming Earnings Expectations - Analysts expect Modine to report an EPS of $1.01, which is a 4.12% increase from the prior-year quarter [2] - Revenue is anticipated to be $690.47 million, reflecting a 4.93% increase compared to the year-ago quarter [2] Group 3: Full Year Projections - For the full year, earnings are projected at $4.63 per share and revenue at $2.88 billion, representing increases of +14.32% and +11.31% from the prior year, respectively [3] - Recent adjustments to analyst estimates indicate optimism about Modine's business and profitability [3] Group 4: Valuation Metrics - Modine currently holds a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 32.72, which is a premium compared to the industry average of 14.46 [5] - The PEG ratio for Modine is 0.96, indicating a favorable valuation relative to the expected earnings growth rate, compared to the industry average PEG ratio of 1.3 [6] Group 5: Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [6] - The Zacks Industry Rank suggests that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]