Model N, Inc. (NYSE:MODN) Releases Q4 Earnings Guidance
Model N, Inc. (NYSE:MODN) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.09)-($0.08) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $34.6-$35.1 million, compared to the consensus revenue estimate of $35.11 million.Model N also updated its FY17 guidance to ($0.63)-($0.62) EPS.
Shares of Model N, Inc. (MODN) traded down 1.55% on Tuesday, hitting $12.70. The stock had a trading volume of 83,769 shares. The stock’s market capitalization is $365.77 million. Model N, Inc. has a 52 week low of $6.97 and a 52 week high of $13.86. The firm has a 50-day moving average price of $13.10 and a 200-day moving average price of $11.33.
Model N (NYSE:MODN) last issued its earnings results on Monday, May 8th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.01. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $33.74 million. Model N had a negative return on equity of 50.03% and a negative net margin of 30.99%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) EPS. Equities analysts expect that Model N, Inc. will post ($0.66) earnings per share for the current fiscal year.
Several analysts recently issued reports on MODN shares. Zacks Investment Research downgraded Model N from a hold rating to a sell rating in a research note on Friday, May 12th. Craig Hallum raised Model N from a hold rating to a buy rating in a research note on Tuesday, May 9th. Chardan Capital initiated coverage on Model N in a research note on Friday, May 19th. They set a buy rating and a $16.00 target price on the stock. Finally, Dougherty & Co initiated coverage on Model N in a report on Thursday, June 29th. They set a buy rating and a $17.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $13.29.
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About Model N
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.
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