Model N, Inc. (NYSE:MODN) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.09)-($0.08) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $34.6-$35.1 million, compared to the consensus revenue estimate of $35.11 million.Model N also updated its FY17 guidance to ($0.63)-($0.62) EPS.
Shares of Model N, Inc. (NYSE MODN) traded up 0.74% during midday trading on Friday, hitting $13.60. 165,517 shares of the company’s stock traded hands. The company has a 50 day moving average price of $13.10 and a 200 day moving average price of $11.68. The firm’s market capitalization is $395.66 million. Model N, Inc. has a 1-year low of $6.98 and a 1-year high of $13.75.
Model N (NYSE:MODN) last released its earnings results on Tuesday, August 8th. The software maker reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. The company had revenue of $34.20 million for the quarter, compared to analysts’ expectations of $34.41 million. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) EPS. Equities analysts anticipate that Model N, Inc. will post ($0.62) earnings per share for the current year.
In other Model N news, SVP Amelia Generalis sold 3,758 shares of Model N stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $13.30, for a total transaction of $49,981.40. Following the completion of the transaction, the senior vice president now owns 76,734 shares of the company’s stock, valued at approximately $1,020,562.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is owned by insiders.
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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.
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