Model N (NYSE:MODN) Issues FY 2021 Earnings Guidance

Model N (NYSE:MODN) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $0.210-0.240 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.140. The company issued revenue guidance of $189 million-190 million, compared to the consensus revenue estimate of $185.60 million.Model N also updated its Q3 2021 guidance to $0.010-0.020 EPS.

Separately, Colliers Securities reiterated a buy rating on shares of Model N in a report on Tuesday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Model N presently has an average rating of Buy and an average price target of $49.60.

MODN stock traded down $0.19 during trading on Friday, hitting $34.37. 1,308 shares of the company traded hands, compared to its average volume of 300,766. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -54.86 and a beta of 0.97. Model N has a 1 year low of $28.76 and a 1 year high of $48.20. The stock has a 50-day moving average of $37.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.43 and a quick ratio of 2.43.

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

In other Model N news, CEO Jason Blessing sold 14,322 shares of the stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $35.12, for a total value of $502,988.64. Following the completion of the sale, the chief executive officer now owns 484,499 shares in the company, valued at approximately $17,015,604.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark Albert Anderson sold 5,208 shares of the stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $38.71, for a total value of $201,601.68. Following the completion of the sale, the senior vice president now owns 157,266 shares of the company’s stock, valued at approximately $6,087,766.86. The disclosure for this sale can be found here. Insiders have sold a total of 26,756 shares of company stock valued at $952,690 over the last 90 days. 1.80% of the stock is currently owned by company 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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