Modine (MOD) shares rose 4.3% to $125.14, driven by high trading volume. The company has made progress in expanding its capacity, with production starting in Mississippi and upcoming plans in Wisconsin and Missouri. Earnings are expected to be $1.02 per share, up 10.9% from last year, with revenues of $763.38 million.
LCI (LCII) shares also increased by 1.8% to $131.01, with earnings estimates unchanged at $0.69 per share, up 86.5% from last year. Both MOD and LCII hold a Zacks Rank of #3 (Hold). The Zacks Automotive – Original Equipment industry is seeing positive growth trends, offering potential investment opportunities for investors.
Read more at Nasdaq: Strength Seen in Modine (MOD): Can Its 4.3% Jump Turn into More Strength?
