Brokerages Expect Model N (MODN) Will Post Earnings of -$0.04 Per Share

Wall Street analysts forecast that Model N (NYSE:MODN) will announce earnings of ($0.04) per share for the current quarter, according to Zacks. Two analysts have made estimates for Model N’s earnings. Model N posted earnings of ($0.25) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 84%. The firm is expected to announce its next earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that Model N will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.06). For the next financial year, analysts expect that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.10 to $0.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Model N.

Model N (NYSE:MODN) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $37.14 million. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The firm’s revenue was up 39.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS.



A number of equities analysts have issued reports on the company. ValuEngine raised Model N from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Model N from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. JMP Securities raised Model N from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Dougherty & Co increased their price target on Model N from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, JPMorgan Chase set a $20.00 price target on Model N and gave the company a “hold” rating in a research note on Wednesday, March 14th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.25.

Shares of NYSE MODN opened at $17.25 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.15 and a quick ratio of 1.15. Model N has a 1 year low of $10.00 and a 1 year high of $18.90.

In other news, SVP Neeraj Gokhale sold 1,628 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.94, for a total transaction of $27,578.32. Following the completion of the sale, the senior vice president now directly owns 81,389 shares of the company’s stock, valued at approximately $1,378,729.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Albert Anderson sold 10,153 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $16.65, for a total value of $169,047.45. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Model N during the 4th quarter worth $182,000. Advisor Group Inc. boosted its stake in shares of Model N by 24,927.1% during the 4th quarter. Advisor Group Inc. now owns 14,766 shares of the software maker’s stock worth $233,000 after acquiring an additional 14,707 shares in the last quarter. Strs Ohio bought a new stake in shares of Model N during the 4th quarter worth $264,000. Citadel Advisors LLC bought a new stake in shares of Model N during the 3rd quarter worth $352,000. Finally, California Public Employees Retirement System bought a new stake in shares of Model N during the 3rd quarter worth $354,000. 62.71% of the stock is owned by institutional investors and hedge funds.

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Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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