Modine Manufacturing Q4 Adj $0.77 Beats $0.76 Estimate, Sales $603.50M Miss $605.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Modine Manufacturing (NYSE:MOD) reported Q4 earnings of $0.77 per share, beating the analyst estimate of $0.76. However, sales of $603.50 million missed the $605.36 million estimate. Earnings increased by 14.93% year-over-year, while sales decreased by 2.36%.
May 21, 2024 | 8:17 pm
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Modine Manufacturing reported Q4 earnings of $0.77 per share, beating the analyst estimate of $0.76. However, sales of $603.50 million missed the $605.36 million estimate. Earnings increased by 14.93% year-over-year, while sales decreased by 2.36%.
The earnings beat is a positive indicator and shows strong profitability, which is likely to have a positive short-term impact on the stock price. However, the slight miss in sales and the year-over-year decline in revenue may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100