Model N (NYSE:MODN) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of ($0.10)-($0.03) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.16). The company issued revenue guidance of $149.0-$151.0 million, compared to the consensus revenue estimate of $149.25 million.Model N also updated its Q2 guidance to ($0.05)-($0.03) EPS.
Shares of Model N (NYSE:MODN) opened at $17.40 on Thursday. Model N has a 12 month low of $9.75 and a 12 month high of $17.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.15 and a current ratio of 1.15.
Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. The firm had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. Model N’s quarterly revenue was up 39.1% on a year-over-year basis. equities research analysts forecast that Model N will post -0.57 EPS for the current year.
About Model N
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.
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