Model N (NYSE:MODN) Updates Q3 2021 Earnings Guidance

Model N (NYSE:MODN) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.010-0.020 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.000. The company issued revenue guidance of $48.50 million-49 million, compared to the consensus revenue estimate of $47.89 million.Model N also updated its FY 2021 guidance to $0.210-0.240 EPS.

Shares of NYSE:MODN traded down $0.19 during trading on Friday, reaching $34.37. The stock had a trading volume of 1,308 shares, compared to its average volume of 300,766. Model N has a 52 week low of $28.76 and a 52 week high of $48.20. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -54.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.43 and a quick ratio of 2.43. The firm’s fifty day moving average is $37.10.

Model N (NYSE:MODN) last released its quarterly earnings results on Monday, May 10th. The software maker reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. Model N had a negative net margin of 12.60% and a negative return on equity of 4.79%. The company had revenue of $48.19 million for the quarter, compared to analyst estimates of $46.43 million. During the same quarter last year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, equities analysts expect that Model N will post -0.54 earnings per share for the current fiscal year.

Separately, Colliers Securities reissued a buy rating on shares of Model N in a research report on Tuesday, May 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $49.60.

In other Model N news, SVP Mark Albert Anderson sold 1,304 shares of Model N stock in a transaction on Monday, May 17th. The shares were sold at an average price of $35.12, for a total transaction of $45,796.48. Following the sale, the senior vice president now owns 157,097 shares in the company, valued at $5,517,246.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Lyon sold 4,771 shares of Model N stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $33.93, for a total transaction of $161,880.03. Following the sale, the senior vice president now owns 100,988 shares in the company, valued at approximately $3,426,522.84. The disclosure for this sale can be found here. Insiders have sold 26,756 shares of company stock worth $952,690 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences and high tech industries. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

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Earnings History and Estimates for Model N (NYSE:MODN)

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