Modine ( (MOD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Modine shares are climbing as investors position ahead of its upcoming third-quarter earnings report, which is expected to show solid profits and revenue growth. Wall Street is forecasting earnings of about $1.00 per share on roughly $760 million in sales, reflecting confidence after Modine’s recent earnings beat and strong gains in the stock earlier this year. Expectations for the share price are now closely tied to whether the company can sustain its revenue momentum and operational strength, especially given that the stock pulled back following the last earnings release.
More about Modine
YTD Price Performance: 38.31%
Average Trading Volume: 1,312,242
Technical Sentiment Signal: Buy
Current Market Cap: $9.72B
For further insights into MOD stock on TipRanks’ Stock Analysis page.
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