Brokerages expect Model N Inc (NYSE:MODN) to report earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Model N’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.01. Model N reported earnings per share of $0.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The company is expected to issue its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Model N will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.15. For the next financial year, analysts forecast that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.18 to $0.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Model N.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, November 6th. The software maker reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. The business had revenue of $36.70 million during the quarter, compared to analyst estimates of $35.49 million. Model N had a negative return on equity of 54.52% and a negative net margin of 18.24%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share.

Several equities research analysts have recently commented on MODN shares. ValuEngine downgraded Model N from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Oppenheimer started coverage on Model N in a report on Friday, October 19th. They set an “outperform” rating and a $23.00 target price for the company. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Craig Hallum reduced their target price on Model N from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. Finally, Needham & Company LLC downgraded Model N from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $22.29.

Shares of NYSE MODN opened at $14.61 on Tuesday. Model N has a 12 month low of $12.60 and a 12 month high of $20.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.23 and a current ratio of 1.23.

Several hedge funds and other institutional investors have recently made changes to their positions in MODN. FMR LLC raised its position in Model N by 83.9% during the third quarter. FMR LLC now owns 2,126,685 shares of the software maker’s stock valued at $33,708,000 after buying an additional 970,095 shares during the period. Frontier Capital Management Co. LLC raised its position in Model N by 976.8% during the third quarter. Frontier Capital Management Co. LLC now owns 882,446 shares of the software maker’s stock valued at $13,987,000 after buying an additional 800,492 shares during the period. Assenagon Asset Management S.A. acquired a new position in Model N during the third quarter valued at $7,070,000. BlackRock Inc. raised its position in Model N by 25.0% during the third quarter. BlackRock Inc. now owns 2,177,385 shares of the software maker’s stock valued at $34,511,000 after buying an additional 434,804 shares during the period. Finally, First Light Asset Management LLC raised its position in Model N by 25.2% during the second quarter. First Light Asset Management LLC now owns 1,339,922 shares of the software maker’s stock valued at $24,923,000 after buying an additional 269,899 shares during the period. 70.40% of the stock is owned by institutional investors and hedge funds.

Model N Company Profile

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.

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