Modine Manufacturing Company reports results for the quarter ended September 30 - Earnings Summary

• Modine Manufacturing Company MOD.N reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of eleven analysts for the quarter was for earnings of $1.45 per share. Wall Street expected results to range from $1.17 to $1.75 per share.

• Revenue rose 34.6% to $994.40 million from a year ago; analysts expected $943.72 million.

• Modine Manufacturing Company's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $30 million.

• Modine Manufacturing Company shares had fallen by 28.4% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Modine Manufacturing Company is $285.00, about 56% above its last closing price of $125.45

This summary was machine generated from LSEG data November 3 at 10:57 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)