-$0.27 Earnings Per Share Expected for Model N, Inc. (MODN) This Quarter
Wall Street analysts expect that Model N, Inc. (NYSE:MODN) will post ($0.27) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Model N’s earnings. Model N reported earnings of ($0.29) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The business is expected to report its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that Model N will report full-year earnings of ($1.01) per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.88) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Model N.
Model N (NYSE:MODN) last announced its quarterly earnings results on Monday, May 8th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.01. Model N had a negative net margin of 30.99% and a negative return on equity of 50.03%. The firm had revenue of $33.30 million for the quarter, compared to the consensus estimate of $33.74 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The company’s revenue for the quarter was up 27.6% on a year-over-year basis.
MODN has been the topic of a number of research analyst reports. Zacks Investment Research raised Model N from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Dougherty & Co initiated coverage on Model N in a report on Thursday, June 29th. They issued a “buy” rating and a $17.00 price target on the stock. Chardan Capital initiated coverage on Model N in a report on Friday, May 19th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Craig Hallum raised Model N from a “hold” rating to a “buy” rating in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Model N currently has a consensus rating of “Buy” and a consensus target price of $13.29.
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Shares of Model N (MODN) remained flat at $13.00 during midday trading on Friday. The stock had a trading volume of 96,634 shares. Model N has a 12 month low of $6.97 and a 12 month high of $13.87. The company’s market cap is $374.41 million. The company has a 50-day moving average price of $12.88 and a 200 day moving average price of $10.62.
Several hedge funds have recently modified their holdings of MODN. Teachers Advisors LLC boosted its stake in shares of Model N by 28.7% in the fourth quarter. Teachers Advisors LLC now owns 43,373 shares of the software maker’s stock valued at $384,000 after buying an additional 9,674 shares during the period. State Street Corp boosted its stake in shares of Model N by 9.4% in the fourth quarter. State Street Corp now owns 350,077 shares of the software maker’s stock valued at $3,100,000 after buying an additional 30,167 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Model N during the fourth quarter valued at about $3,057,000. Essex Investment Management Co. LLC purchased a new stake in shares of Model N during the first quarter valued at about $568,000. Finally, Emerald Advisers Inc. PA boosted its stake in shares of Model N by 0.6% in the first quarter. Emerald Advisers Inc. PA now owns 746,180 shares of the software maker’s stock valued at $7,798,000 after buying an additional 4,090 shares during the period. 66.85% of the stock is currently owned by institutional investors and hedge funds.
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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