Model N Q4 EPS $0.31 Beats $0.29 Estimate, Sales $63.97M Beat $62.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Model N (NYSE:MODN) reported Q4 earnings of $0.31 per share, beating the analyst consensus estimate of $0.29 by 6.9%. This is a 55% increase from the same period last year. The company also reported quarterly sales of $63.97 million, beating the analyst consensus estimate of $62.25 million by 2.76%. This is a 9.97% increase from the same period last year.
November 09, 2023 | 9:29 pm
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POSITIVE IMPACT
Model N reported better than expected Q4 earnings and sales, which could positively impact its stock price in the short term.
Model N reported a significant YoY increase in both earnings and sales, beating analyst estimates. This positive financial performance is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100