Model N Inc reports results for the quarter ended in March - Earnings Summary

Model N

09/05/2023 23:06

* Model N Inc  MODN.N  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
17 cents per share.
    * Revenue rose 17.5% to $62.60 million from a year ago;
analysts
expected $59.71 million. 
    * Model N Inc's reported EPS for the quarter was a loss
of 88
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Model N Inc shares had fallen by 9.2% this quarter and
lost 25.1% so far this year.
    * The company reported a quarterly loss of $33.32 million.
    * Wall Street's median 12-month price target for Model N Inc
is
$46.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 10:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.17           0.22           Beat
 Dec. 31 2022      0.22           0.23           Beat
 Sep. 30 2022      0.19           0.20           Beat
 Jun. 30 2022      0.15           0.23           Beat