Model N (MODN) Updates Q3 Earnings Guidance

Model N (NYSE:MODN) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.00-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $33.9-34.3 million, compared to the consensus revenue estimate of $35.28 million.Model N also updated its FY 2019 guidance to $0.10-0.17 EPS.

A number of research firms have recently commented on MODN. Chardan Capital reiterated a buy rating and set a $23.00 target price on shares of Model N in a research report on Monday, May 20th. Zacks Investment Research lowered Model N from a buy rating to a hold rating in a report on Tuesday, February 5th. Finally, National Securities restated a buy rating on shares of Model N in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $22.00.

MODN stock opened at $18.02 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.35 and a current ratio of 1.35. Model N has a twelve month low of $12.60 and a twelve month high of $20.33. The firm has a market capitalization of $590.53 million, a price-to-earnings ratio of -24.68 and a beta of 0.60.

Model N (NYSE:MODN) last released its earnings results on Tuesday, May 7th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.20. Model N had a negative return on equity of 56.80% and a negative net margin of 20.30%. The business had revenue of $34.84 million for the quarter, compared to analyst estimates of $34.52 million. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. Sell-side analysts predict that Model N will post -0.45 earnings per share for the current fiscal year.

In other news, CEO Jason Blessing sold 12,022 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.89, for a total transaction of $227,095.58. Following the transaction, the chief executive officer now owns 362,184 shares in the company, valued at $6,841,655.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark Albert Anderson sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.59, for a total value of $74,360.00. Following the sale, the senior vice president now directly owns 130,934 shares in the company, valued at approximately $2,434,063.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,833 shares of company stock worth $467,895. Insiders own 1.20% of the company’s stock.

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Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. 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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Earnings History and Estimates for Model N (NYSE:MODN)

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