Analysts expect Model N (NYSE:MODN) to report earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Model N’s earnings. Model N posted earnings per share of ($0.25) in the same quarter last year, which indicates a positive year over year growth rate of 84%. The company is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Model N will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.06). For the next fiscal year, analysts anticipate that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.10 to $0.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Model N.

How to Become a New Pot Stock Millionaire

Model N (NYSE:MODN) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The business had revenue of $39.10 million during the quarter, compared to analyst estimates of $37.14 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The company’s revenue for the quarter was up 39.1% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on MODN shares. Zacks Investment Research lowered Model N from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. JPMorgan Chase set a $20.00 target price on Model N and gave the company a “hold” rating in a research note on Wednesday, March 14th. They noted that the move was a valuation call. Dougherty & Co increased their target price on Model N from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. ValuEngine upgraded Model N from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, JMP Securities upgraded Model N from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.25.

In other Model N news, SVP Neeraj Gokhale sold 1,628 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.94, for a total transaction of $27,578.32. Following the completion of the sale, the senior vice president now owns 81,389 shares in the company, valued at approximately $1,378,729.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Albert Anderson sold 10,153 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $16.65, for a total value of $169,047.45. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in Model N during the 4th quarter valued at approximately $182,000. Lyon Street Capital LLC grew its stake in Model N by 15.5% during the 4th quarter. Lyon Street Capital LLC now owns 666,277 shares of the software maker’s stock valued at $10,494,000 after purchasing an additional 89,492 shares in the last quarter. Redmile Group LLC grew its stake in Model N by 1.8% during the 4th quarter. Redmile Group LLC now owns 853,714 shares of the software maker’s stock valued at $13,446,000 after purchasing an additional 14,800 shares in the last quarter. Millennium Management LLC grew its stake in Model N by 53.8% during the 4th quarter. Millennium Management LLC now owns 703,638 shares of the software maker’s stock valued at $11,082,000 after purchasing an additional 246,093 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Model N by 241.0% during the 4th quarter. Two Sigma Investments LP now owns 311,801 shares of the software maker’s stock valued at $4,911,000 after purchasing an additional 220,360 shares in the last quarter. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Shares of MODN stock traded down $0.15 during trading hours on Wednesday, reaching $17.10. The company had a trading volume of 23,225 shares, compared to its average volume of 239,151. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.29. Model N has a twelve month low of $10.00 and a twelve month high of $18.90.

WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/zacks-analysts-expect-model-n-modn-to-post-0-04-earnings-per-share/2030258.html.

About Model N

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

Get a free copy of the Zacks research report on Model N (MODN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Model N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N and related companies with MarketBeat.com's FREE daily email newsletter.