Model N, Inc. (MODN) Set to Announce Earnings on Monday
Model N, Inc. (NYSE:MODN) will be releasing its earnings data after the market closes on Monday, November 6th. Analysts expect Model N to post earnings of ($0.09) per share for the quarter. Model N has set its Q4 guidance at ($0.09)-($0.08) EPS and its FY17 guidance at ($0.63)-($0.62) EPS.
Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The business had revenue of $34.20 million for the quarter, compared to analysts’ expectations of $34.41 million. During the same period in the prior year, the firm earned ($0.16) earnings per share. Model N’s revenue was up 22.6% compared to the same quarter last year. On average, analysts expect Model N to post $-0.95 EPS for the current fiscal year and $-0.65 EPS for the next fiscal year.
Model N, Inc. (NYSE:MODN) traded down 0.35% during mid-day trading on Monday, hitting $14.35. 913 shares of the stock traded hands. The company has a 50 day moving average price of $14.23 and a 200-day moving average price of $13.02. The stock’s market capitalization is $417.48 million. Model N, Inc. has a one year low of $6.97 and a one year high of $15.05.
In related news, SVP Amelia Generalis sold 6,298 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total transaction of $84,078.30. Following the completion of the transaction, the senior vice president now directly owns 70,436 shares in the company, valued at approximately $940,320.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.40% of the stock is owned by corporate insiders.
A number of research firms recently issued reports on MODN. Zacks Investment Research upgraded shares of Model N from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.67.
Model N Company Profile
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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