Model N: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Model N (NYSE:MODN) reported Q1 earnings with an EPS of $0.28, missing estimates by 3.45% against an expected $0.29. Revenue increased by $4.34 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 15.5% the following day. Historical earnings performance shows fluctuating EPS and revenue growth over the past quarters.
February 06, 2024 | 9:20 pm
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NEGATIVE IMPACT
Model N reported Q1 earnings with an EPS of $0.28, missing the estimated $0.29 by 3.45%, and saw a revenue increase of $4.34 million from the previous year.
Model N's miss on the estimated earnings, despite an increase in revenue, could lead to negative investor sentiment, especially considering the historical 15.5% drop in share price following last quarter's earnings beat. The pattern suggests that even positive earnings surprises have not consistently led to stock price appreciation, indicating potential volatility and investor caution around earnings announcements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100