Model N (NYSE:MODN) reported its Q2 earnings results on Tuesday, May 10, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Model N beat estimated earnings by 75.0%, reporting an EPS of $0.14 versus an estimate of $0.08.
Revenue was up $5.09 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 2.58% increase in the share price the next day.
Here's a look at Model N's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | 0.10 | 0.02 | -0.05 |
| EPS Actual | 0.15 | 0.18 | 0.16 | 0.04 |
| Revenue Estimate | 50.10M | 50.88M | 48.86M | 46.38M |
| Revenue Actual | 51.54M | 51.48M | 51.04M | 48.19M |
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).
Guidance
Model N management provided guidance for FY 2022, expecting earnings between $0.56 and $0.59 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.
