Zacks: Analysts Expect Model N Inc (MODN) Will Announce Earnings of -$0.06 Per Share

Brokerages forecast that Model N Inc (NYSE:MODN) will report earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Model N’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.07). Model N posted earnings per share of ($0.15) in the same quarter last year, which suggests a positive year over year growth rate of 60%. The business is expected to announce its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Model N will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.13). For the next year, analysts anticipate that the firm will post earnings of $0.11 per share, with EPS estimates ranging from $0.05 to $0.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Model N.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $34.86 million. During the same period in the prior year, the firm posted ($0.28) EPS. The company’s quarterly revenue was up 24.9% on a year-over-year basis.

A number of research firms recently issued reports on MODN. JPMorgan Chase & Co. downgraded shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, December 12th. Raymond James Financial reiterated a “hold” rating on shares of Model N in a research report on Monday, December 4th. Dougherty & Co boosted their target price on shares of Model N from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Finally, Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.50.

Shares of Model N (MODN) opened at $15.75 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13. Model N has a 12 month low of $8.45 and a 12 month high of $16.75. The company has a market cap of $461.95, a price-to-earnings ratio of -11.41 and a beta of 1.17.

In other Model N news, Director Alan S. Henricks sold 13,475 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the transaction, the director now owns 40,134 shares in the company, valued at $581,943. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Barter sold 3,596 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total transaction of $52,681.40. Following the transaction, the chief financial officer now owns 111,676 shares in the company, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,801 shares of company stock worth $317,080. Corporate insiders own 20.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Trexquant Investment LP purchased a new stake in shares of Model N in the third quarter valued at about $154,000. Prudential Financial Inc. purchased a new stake in shares of Model N in the second quarter valued at about $141,000. Voya Investment Management LLC raised its holdings in shares of Model N by 14.7% in the second quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after purchasing an additional 1,915 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Model N in the second quarter valued at about $221,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Model N in the second quarter valued at about $222,000. Institutional investors own 65.77% of the company’s stock.

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About Model N

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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