Modine Manufacturing Q1 EPS $0.85 Beats $0.44 Estimate, Sales $622.40M Beat $575.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Modine Manufacturing (NYSE:MOD) reported Q1 earnings of $0.85 per share, beating the analyst consensus estimate of $0.44 by 93.18%. This is a 165.63% increase from the same period last year. The company also reported quarterly sales of $622.40 million, beating the analyst consensus estimate of $575.99 million by 8.06%. This is a 15.05% increase from the same period last year.
August 04, 2023 | 12:11 pm
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Modine Manufacturing's Q1 earnings and sales significantly beat analyst estimates, indicating strong financial performance.
Modine Manufacturing reported a significant beat on both earnings and sales estimates for Q1. This indicates strong financial performance and could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100