Model N, Inc. (NYSE:MODN) announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03, Bloomberg Earnings reports. The firm had revenue of $35.61 million for the quarter, compared to the consensus estimate of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS. Model N updated its Q1 guidance to (0.07)-(0.05) EPS and its FY17 guidance to (0.23)-(0.13) EPS.
Shares of Model N (NYSE MODN) opened at $15.90 on Friday. Model N has a one year low of $7.90 and a one year high of $16.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.75.
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.
Receive News & Ratings for Model N Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N Inc. and related companies with our FREE daily email newsletter.