Model N (MODN) Releases FY 2019 Earnings Guidance

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Model N (NYSE:MODN) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.05-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of $138-142 million, compared to the consensus revenue estimate of $140.44 million.Model N also updated its FY19 guidance to $0.05-0.17 EPS.

Model N stock opened at $15.98 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.23 and a current ratio of 1.23. Model N has a 1 year low of $12.60 and a 1 year high of $20.33. The stock has a market cap of $468.86 million, a price-to-earnings ratio of -21.88 and a beta of 0.57.

Model N (NYSE:MODN) last released its earnings results on Tuesday, February 5th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. Model N had a negative net margin of 18.24% and a negative return on equity of 54.52%. The company had revenue of $35.08 million for the quarter, compared to the consensus estimate of $34.21 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue was down 10.2% compared to the same quarter last year. On average, analysts forecast that Model N will post -0.36 earnings per share for the current year.

A number of research analysts have issued reports on MODN shares. Zacks Investment Research downgraded shares of Model N from a buy rating to a hold rating in a research report on Tuesday, October 9th. ValuEngine upgraded shares of Model N from a hold rating to a buy rating in a research report on Thursday, October 11th. Oppenheimer assumed coverage on shares of Model N in a research report on Friday, October 19th. They issued an outperform rating and a $23.00 price target on the stock. CIBC assumed coverage on shares of Model N in a research report on Friday, October 19th. They issued an outperform rating on the stock. Finally, Needham & Company LLC downgraded shares of Model N from a buy rating to a hold rating in a research report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $21.71.

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Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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