Model N's (MODN) Q4 Earnings To Be Hit By Stiff Competition
Zacks Investment Research | Nov 02, 2017 10:31PM ET
Model N Inc. (NYSE:MODN) is scheduled to report fourth-quarter fiscal 2017 earnings on Nov 7. We expect intense competition in the revenue management software market to mar results in the soon-to-be-reported quarter.
Notably, the stock beat the Zacks Consensus Estimate in all the trailing four quarters with an average positive earnings surprise of 14.19%. Last quarter, the company delivered a positive earnings surprise of 22.22%.
Moreover, the company surpassed the Zacks Consensus Estimate for revenues in two of the trailing four quarters.
Model N expects fourth-quarter GAAP revenues in the range of $34.6-$35.1 million. Non-GAAP operating loss is projected between $0.5 million and $1 million. Moreover, non-GAAP net loss is expected in the range of 8-9 cents per share.
Model N’s shares have returned 61.6% year to date, substantially outperforming the 29.6% rally of the Zacks Investment Research
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