Recap: Model N Q4 Earnings
Portfolio Pulse from Benzinga Insights
Model N (NYSE:MODN) reported its Q4 earnings results, beating estimated earnings by 6.9% with an EPS of $0.31 versus an estimate of $0.29. Revenue was up $5.80 million from the same period last year. Last quarter, the company beat on EPS by $0.11, which was followed by a 11.95% drop in the share price the next day.
November 09, 2023 | 9:40 pm
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NEUTRAL IMPACT
Model N beat Q4 earnings estimates but a similar beat last quarter led to a drop in share price. Investors should be cautious.
Model N has reported a beat on its Q4 earnings, which is generally a positive signal. However, the company's share price dropped significantly after a similar beat last quarter. This suggests that despite the positive earnings report, the market may not react positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100