Model N Q2 2024 Adj EPS $0.24 Misses $0.28 Estimate, Sales $65.111M Beat $64.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
Model N (NYSE:MODN) reported Q2 2024 earnings of $0.24 per share, missing the consensus estimate of $0.28. However, their sales of $65.111M exceeded the estimate of $64.325M, marking a 4.00% increase from the previous year.
May 06, 2024 | 1:02 pm
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Model N reported Q2 2024 earnings below estimates but surpassed sales forecasts, indicating mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on sales forecasts and year-over-year sales growth could offset some of the negative impact, suggesting a neutral short-term price direction. The mixed results highlight operational strengths despite the earnings miss, which could maintain investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100