MOD · PEAD ↓ 15

Modine Manufacturing reported Q4 FY2026 results on 2026-05-27; consensus EPS was $1.58 (actual not yet in our feed).

Print-day reaction was –5.4% versus the prior close, a sharp sell-off that erased roughly $16 from the share price on earnings day. The overnight gap to the T+1 open recovered a slim +0.8%, suggesting limited conviction among after-hours buyers. Over the following two trading sessions the stock drifted a further +6.6% off the T+1 open, partially recovering the initial drop but leaving the cumulative three-day return negative. Cumulative abnormal return of –3.5% versus SPY.US places MOD in PEAD short territory, though conviction is low at 15; the documented drift pattern is held through 2026-08-24.