Model N (NYSE:MODN) Updates Q3 2021 Earnings Guidance

Model N (NYSE:MODN) updated its third quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.010-0.020 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.000. The company issued revenue guidance of $48.50 million-49 million, compared to the consensus revenue estimate of $47.89 million.Model N also updated its FY 2021 guidance to $0.210-0.240 EPS.

Separately, Colliers Securities reissued a buy rating on shares of Model N in a report on Tuesday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $49.60.

MODN traded down $0.19 during trading hours on Friday, reaching $34.37. The company’s stock had a trading volume of 1,308 shares, compared to its average volume of 300,766. Model N has a 52 week low of $28.76 and a 52 week high of $48.20. The company’s 50-day simple moving average is $37.10. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -54.86 and a beta of 0.97.

Model N (NYSE:MODN) last posted its quarterly earnings results on Monday, May 10th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Model N had a negative return on equity of 4.79% and a negative net margin of 12.60%. The business had revenue of $48.19 million for the quarter, compared to analysts’ expectations of $46.43 million. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Analysts predict that Model N will post -0.54 EPS for the current year.

In other Model N news, SVP Christopher Lyon sold 4,771 shares of the stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $33.93, for a total transaction of $161,880.03. Following the transaction, the senior vice president now owns 100,988 shares in the company, valued at approximately $3,426,522.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Albert Anderson sold 1,304 shares of the stock in a transaction on Monday, May 17th. The stock was sold at an average price of $35.12, for a total value of $45,796.48. Following the transaction, the senior vice president now owns 157,097 shares in the company, valued at approximately $5,517,246.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,756 shares of company stock worth $952,690. 1.80% of the stock is owned by company insiders.

Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences and high tech industries. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

Recommended Story: Fundamental Analysis

Earnings History and Estimates for Model N (NYSE:MODN)

Receive News & Ratings for Model N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N and related companies with's FREE daily email newsletter.