Model N Inc expected to post earnings of 28 cents a share - Earnings Preview

Model N

03/05/2024 12:27

* Model N Inc  MODN.N   MODN.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 6 for the
period ending March 31 2024
    * The San Mateo California-based  company is expected to
report a
2.7% increase in revenue to $64.325 million from $62.6 million a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.The company's guidance on February 6 2024, for the
period ended March 31, was for revenue between $63.50 million
and $64.50 million.
    * ​LSEG's mean analyst estimate for Model N Inc is for
earnings of
28 cents per share. The company's EPS guidance on February 6
2024, for the period ended March 31, was between $0.24 and
$0.27 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Model N Inc
is
$30.00​, above​ its last closing price of $29.74. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD9.2 million and USD10.2 million.The company's guidance on
February 6 2024 for the period ended March 31 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
USD63.5 million and USD10 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.29        0.29       0.28      Missed  -4.3
 Sep. 30 2023  0.30        0.30       0.31      Beat    4.9
 Jun. 30 2023  0.24        0.24       0.35      Beat    43.8​
 Mar. 31 2023  0.17        0.17       0.22      Beat    29.6
 ​​Dec.        0.22        0.22       0.23      Beat    6.6
 31 2022                                                
 Sep. 30 2022  0.19        0.19       0.20      Beat    4.5​
 Jun. 30 2022  0.16        0.15       0.23      Beat    50.5
 Mar. 31 2022  0.09        0.08       0.14      Beat    71.9
 This summary was machine generated May 3 at 11:27 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)