Analysts on Wall Street project that Modine (MOD) will announce quarterly earnings of $0.99 per share in its forthcoming report, representing an increase of 7.6% year over year. Revenues are projected to reach $763.38 million, increasing 23.8% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 2.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Modine metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Performance Technologies' reaching $252.69 million. The estimate points to a change of -3.6% from the year-ago quarter.
Analysts expect 'Net Sales- Climate Solutions' to come in at $522.14 million. The estimate points to a change of +44.7% from the year-ago quarter.
It is projected by analysts that the 'Adjusted EBITDA- Climate Solutions' will reach $88.77 million. The estimate compares to the year-ago value of $75.70 million.
The consensus among analysts is that 'Adjusted EBITDA- Performance Technologies' will reach $35.22 million. The estimate compares to the year-ago value of $28.40 million.
View all Key Company Metrics for Modine here>>>
Over the past month, shares of Modine have returned +32.4% versus the Zacks S&P 500 composite's +0.9% change. Currently, MOD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Modine Manufacturing Company (MOD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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