Modine Manufacturing Earnings: Everything You Must Know Now

Modine Manufacturing Company (NYSE:MOD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Modine Manufacturing Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 47.06% to $0.18 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Decreased 7.49% to $359.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Modine Manufacturing Company reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $356.84 million.

Quoting Management: “We finished our fiscal year with a solid quarter, our strongest in terms of revenue and adjusted earnings,” said Modine President and Chief Executive Officer, Thomas A. Burke. “We delivered full year earnings per share of $0.40 before impairment and restructuring charges, consistent with our earlier guidance.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 800% from $0.02 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.11 to a profit $0.1. For the current year, the average estimate has moved down from a profit of $0.41 to a profit of $0.38 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , ,  

More from The Cheat Sheet