Model N Inc expected to post earnings of 29 cents a share - Earnings Preview

Model N

02/02/2024 21:33

* Model N Inc  MODN.N   MODN.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The San Mateo California-based  company is expected to
report a
5.1% increase in revenue to $62.172 million from $59.15 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on November 9 2023,
for the period ended December 31, was for revenue between $61.50
million and $62.50 million.
    * ​LSEG's mean analyst estimate for Model N Inc is for
earnings of
29 cents per share. The company's EPS guidance on November 9
2023, for the period ended December 31, was between $0.29 and
$0.31 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"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 $27.20. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD8.2 million and USD9.2 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  
 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. 31 2022  0.22        0.22       0.23      Beat    6.6
 ​​Sep.        0.19        0.19       0.20      Beat    4.5
 30 2022                                                
 Jun. 30 2022  0.16        0.15       0.23      Beat    50.5​
 Mar. 31 2022  0.09        0.08       0.14      Beat    71.9
 Dec. 31 2021  0.08        0.09       0.15      Beat    73.9
 This summary was machine generated February 2 at 21:33 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)