Modine Manufacturing Co reports results for the quarter ended in September 30 - Earnings Summary

Modine Manufacturing

30/10/2024 02:56

* Modine Manufacturing Co  MOD.N  reported quarterly
adjusted
earnings of 97 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 89 cents.  The mean expectation of six analysts
for the quarter was for earnings of 92 cents per share. Wall
Street expected results to range from 90 cents to 93 cents per
share.
    * Revenue rose 6% to $658.00 million from a year ago;
analysts
expected $646.91 million. 
    * Modine Manufacturing Co's reported EPS for the quarter was
86
cents​.
    * The company reported quarterly net income of $46.1
million.
    * Modine Manufacturing Co shares had fallen by 1.3% this
quarter and gained 119.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
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 $144.00 
This summary was machine generated from LSEG data October 30 at
02:55 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
 Sep. 30 2024      0.92           0.97           Beat
 Jun. 30 2024      0.87           1.04           Beat
 Mar. 31 2024      0.76           0.77           Beat
 Dec. 31 2023      0.59           0.74           Beat