Model N (MODN) Announces Quarterly Earnings, Beats Estimates By $0.09 EPS
Model N (NASDAQ:MODN) posted its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09, AR Network reports. The company had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.18 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.
Shares of Model N (NASDAQ:MODN) traded up 0.98% on Monday, hitting $10.26. 155,180 shares of the company’s stock traded hands. Model N has a one year low of $7.55 and a one year high of $24.80. The stock’s 50-day moving average is $11.05 and its 200-day moving average is $12.07. The company’s market cap is $243.5 million.
A number of analysts have recently weighed in on MODN shares. Analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Model N in a research note to investors on Wednesday, November 20th. They now have a $25.00 price target on the stock. Analysts at Deutsche Bank cut their price target on shares of Model N from $15.00 to $12.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Model N currently has a consensus rating of “Hold” and an average price target of $18.75.
Model N Inc is a United States-based company, which provides revenue management solutions for the life science and technology industries.
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