Published on 27 Dec 2023 on Zacks via Yahoo Finance
Modine Manufacturing Company (MOD) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Modine (MOD)? Shares have been on the move with the stock up 22% over the past month. The stock hit a new 52-week high of $61.5 in the previous session. Modine has gained 204.4% since the start of the year compared to the 40.9% move for the Zacks Auto-Tires-Trucks sector and the 8.6% return for the Zacks Automotive - Original Equipment industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 1, 2023, Modine reported EPS of $0.89 versus consensus estimate of $0.64 while it beat the consensus revenue estimate by 1.25%.