Modine Manufacturing Co reports results for the quarter ended in June - Earnings Summary

Modine Manufacturing

31/07/2024 02:05

* Modine Manufacturing Co  MOD.N  reported quarterly
adjusted
earnings of $1.04​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 85 cents.  The mean expectation of six analysts
for the quarter was for earnings of 87 cents per share. Wall
Street expected results to range from 78 cents to 97 cents per
share.
    * Revenue rose 6.3% to $661.50 million from a year ago;
analysts
expected $633.63 million. 
    * Modine Manufacturing Co's reported EPS for the quarter was
88
cents​.
    * The company reported quarterly net income of $47.3
million.
    * Modine Manufacturing Co shares had risen by 2.1% this
quarter and gained 71.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Modine
Manufacturing Co is $120.00 
This summary was machine generated from LSEG data July 31 at
01:05 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.87           1.04           Beat
 Mar. 31 2024      0.76           0.77           Beat
 Dec. 31 2023      0.59           0.74           Beat
 Sep. 30 2023      0.64           0.89           Beat