Model N, Inc. (MODN) Issues FY17 Earnings Guidance
Model N, Inc. (NYSE:MODN) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.63)-($0.62) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.66). The company issued revenue guidance of $130.2-$130.7 million, compared to the consensus revenue estimate of $131.43 million.Model N also updated its Q4 guidance to ($0.09)-($0.08) EPS.
Shares of Model N, Inc. (NYSE:MODN) traded down 1.55% on Tuesday, reaching $12.70. The company’s stock had a trading volume of 83,769 shares. The stock has a 50-day moving average of $13.10 and a 200 day moving average of $11.33. The stock’s market capitalization is $365.77 million. Model N, Inc. has a 1-year low of $6.97 and a 1-year high of $13.86.
Model N (NYSE:MODN) last issued its quarterly earnings results on Monday, May 8th. The software maker reported ($0.34) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.01. The business had revenue of $33.30 million during the quarter, compared to the consensus estimate of $33.74 million. Model N had a negative net margin of 30.99% and a negative return on equity of 50.03%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS. On average, equities analysts forecast that Model N, Inc. will post ($0.66) EPS for the current year.
A number of equities research analysts have issued reports on MODN shares. Zacks Investment Research upgraded shares of Model N from a sell rating to a hold rating in a research report on Monday, July 10th. Dougherty & Co started coverage on shares of Model N in a research report on Thursday, June 29th. They issued a buy rating and a $17.00 target price for the company. Chardan Capital started coverage on shares of Model N in a research report on Friday, May 19th. They issued a buy rating and a $16.00 target price for the company. Finally, Craig Hallum upgraded shares of Model N from a hold rating to a buy rating in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $13.29.
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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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