Recap: Modine Manufacturing Q3 Earnings
Portfolio Pulse from Benzinga Insights
Modine Manufacturing (NYSE:MOD) reported Q3 earnings with an EPS of $0.74, beating estimates by 25.42% against the expected $0.59. Revenue increased by $1.40 million compared to the same period last year. Despite beating EPS estimates last quarter, MOD's share price dropped by 1.9% the following day. Historical earnings and revenue figures show a consistent pattern of surpassing EPS estimates.
January 30, 2024 | 9:30 pm
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Modine Manufacturing reported a strong Q3 earnings beat with a significant positive surprise in EPS and a slight increase in revenue year-over-year.
Modine Manufacturing's positive earnings surprise is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, considering the stock price dropped after the last earnings beat, investor reaction may be tempered. The historical pattern of surpassing EPS estimates could instill confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100