Earnings Outlook For Model N
Portfolio Pulse from Benzinga Insights
Model N (NYSE:MODN) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.29. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 15.5% drop. Shares are currently trading at $27.58, down 33.03% over the last year. Investors are looking for positive guidance for the next quarter.
February 05, 2024 | 6:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Model N is expected to report an EPS of $0.29 for the upcoming quarter. Historical data shows its stock price reacts variably to earnings reports, with a significant drop after the last beat.
Given Model N's history of stock price volatility post-earnings, the upcoming report could go either way. The focus will be on whether they beat the EPS estimate and the guidance provided for future growth. However, the past trend of stock price drops following earnings beats injects a level of uncertainty, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100