Modine Manufacturing Company (NYSE:MOD) is reporting second quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share from $ 400.78 million in revenue.
For the full year, analysts predict revenues of $ 1607.26 million, while looking forward to income of $ 0.26 per share.
Previous Quarter Performance
Modine Manufacturing Company unveiled loss for the first quarter of $ 0.09 per share, from the revenue of $ 347.80 million. The quarterly revenues down 36.17 percent compared with the same quarter last year. According to street consensus, MOD was expected to report 1Q21 loss of $ 0.12 per share from revenue of $ 348.56 million. The bottom line results beat street analysts by $ 0.03 or 25.00 percent, at the same time, top line results fell short of analysts by $ 0.76 million or 0.22 percent.
Stock Performance
Shares of Modine Manufacturing Company traded low $ -0.43 or -5.93 percent on Wednesday, reaching $ 6.82 with volume of 227.10 thousand shares. Modine Manufacturing Company has traded high as $ 7.17 and has cracked $ 6.71 on the downward trend
The closing price of $ 6.82, representing a 155.28 % increase from the 52 week low of $ 2.84 and a 39.48 % decrease over the 52 week high of $ 11.98.
The company has a market capital of $ 348.83 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Vehicular Thermal Solutions, Commercial and Industrial Solutions, and Building HVAC Systems segments. The company offers powertrain cooling products, including engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, such as power steering and transmission oil coolers; component assemblies; radiators for special applications; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; and chillers and cooling plates for battery thermal management.
