Modine Manufacturing pany-Modine (MOD) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Modine's stock closed at $80.57, reflecting a -0.69% change from the previous day, underperforming the S&P 500's gain of 0.06% [1] - Over the past month, Modine's shares have increased by 2.37%, while the Auto-Tires-Trucks sector and the S&P 500 have decreased by 3.23% and 4.29%, respectively [1] Upcoming Earnings - Modine's projected earnings per share (EPS) for the upcoming quarter is$ 0.96, indicating a 24.68% increase year-over-year [2] - The consensus estimate for quarterly revenue is $629.47 million, which represents a 4.3% increase from the same period last year [2] Analyst Projections - Recent shifts in analyst projections for Modine should be monitored, as positive estimate revisions are seen as favorable for the company's business outlook [3] Valuation Metrics - Modine's Forward P/E ratio is currently 17.63, which is higher than the industry average of 10.43 [6] - The company has a PEG ratio of 0.52, compared to the Automotive - Original Equipment industry's average PEG ratio of 0.81 [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 181, placing it in the bottom 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]