For its second fiscal quarter (ending March 31), Model N Inc (NYSE: MODN) has reported E.P.S. of $-0.04 compared to $-0.88 a year ago. This performance was $-0.36 short of the consensus estimate of $0.32. E.P.S. were $0.01 for the latest four quarters through March 31 versus $-1.38 for the same period a year ago.
Recent Price Action
Model N Inc (NYSE: MODN) stock declined slightly by -0.4% on 5/6/24. The stock closed at $29.69. Moreover, this decline was accompanied by above average trading volume at 131% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MODN is expected to continue to be a major Value Builder.
Model N has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Model N has a poor Appreciation Score of 28 but a slightly positive Power Rating of 61, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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