Model N: Q3 Earnings Insights

Model N MODN reported its Q3 earnings results on Tuesday, August 9, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Model N beat estimated earnings by 53.33%, reporting an EPS of $0.23 versus an estimate of $0.15.

Revenue was up $5.13 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 5.47% increase in the share price the next day.

Here's a look at Model N's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.08	0.09	0.10	0.02
EPS Actual	0.14	0.15	0.18	0.16
Revenue Estimate	51.20M	50.10M	50.88M	48.86M
Revenue Actual	53.28M	51.54M	51.48M	51.04M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Model N management provided guidance for FY 2022, expecting earnings between $0.7 and $0.72 per share.

To track all earnings releases for Model N visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.