Modine Manufacturing Q2 2023 Adj EPS $0.89 Beats $0.64 Estimate, Sales $620.50M Beat $616.18M Estimate
Portfolio Pulse from saritha@benzinga.com
Modine Manufacturing (NYSE:MOD) reported Q2 2023 earnings of $0.89 per share, beating the analyst consensus estimate of $0.64 by 39.06%. This is an 85.42% increase from the same period last year. The company also reported quarterly sales of $620.50 million, beating the analyst consensus estimate of $616.18 million by 0.70%. This is a 7.20% increase from the same period last year.
November 01, 2023 | 9:01 pm
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POSITIVE IMPACT
Modine Manufacturing's Q2 2023 earnings and sales beat analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Modine Manufacturing reported better than expected earnings and sales for Q2 2023. This strong financial performance indicates that the company is doing well, which could make the stock more attractive to investors and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100