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

Model N

06/05/2024 15:42

* Model N Inc  MODN.N  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 22
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 28 cents per share. Wall Street expected
results to range from 25 cents to 38 cents per share.
    * Revenue rose 4% to $65.11 million from a year ago;
analysts
expected $64.44 million. 
    * Model N Inc's reported EPS for the quarter was a loss of 4
cents​.
    * The company reported a quarterly loss of $1.39 million.
    * Model N Inc shares had risen by 4.7% this quarter and
gained 10.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Model N Inc is
$30.00 
This summary was machine generated from LSEG data May 6 at 02:42
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.28           0.24           Missed
 Dec. 31 2023      0.29           0.28           Missed
 Sep. 30 2023      0.30           0.31           Beat
 Jun. 30 2023      0.24           0.35           Beat