MOD · PEAD ↓ 80

Modine Manufacturing reported Q2 FY2027 EPS of $1.35 on 2026-11-03, missing the $1.55 consensus by $0.20 (-12.9%).

Print-day reaction was a muted +1.7% versus the prior close, with the stock holding near $125.45 despite the EPS miss — initial sellers appeared restrained. The overnight gap into T+1 told a different story: MOD opened down -7.9%, signalling a sharp reassessment of the miss after hours. Day 1-to-3 drift added another -1.98%, compounding the gap with no recovery, as the stock slid from $98.56 to close at $96.61 on 2026-11-06. Cumulative abnormal return of -19.4% versus SPY.US firmly places this in PEAD short territory — drift extended and confirmed the overnight flush; the documented pattern holds through 2027-01-29.