For the quarter ended March 2024, Mannequin N (MODN) reported income of $65.11 million, up 4% over the identical interval final 12 months. EPS got here in at $0.24, in comparison with $0.22 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $64.01 million, representing a shock of +1.72%. The corporate delivered an EPS shock of -7.69%, with the consensus EPS estimate being $0.26.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders mission a inventory’s worth efficiency extra precisely.
Right here is how Mannequin N carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Revenues- Subscription: $49.18 million in comparison with the $48.70 million common estimate based mostly on 5 analysts. The reported quantity represents a change of +9.5% 12 months over 12 months.
- Revenues- Skilled companies: $15.93 million in comparison with the $15.30 million common estimate based mostly on 5 analysts. The reported quantity represents a change of -9.9% 12 months over 12 months.
- Goss Revenue- Subscription Non-GAAP: $33.98 million versus $33.47 million estimated by 4 analysts on common.
- Goss Revenue- Skilled Companies Non-GAAP: $5.86 million versus the four-analyst common estimate of $5.80 million.
- Gross Revenue- Subscription: $32.35 million versus $31.82 million estimated by three analysts on common.
- Gross Revenue- Skilled companies: $4.89 million versus $4.53 million estimated by three analysts on common.
View all Key Company Metrics for Model N here>>>
Shares of Mannequin N have returned +10% over the previous month versus the Zacks S&P 500 composite’s -1.6% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out consistent with the broader market within the close to time period.
Solely $1 to See All Zacks’ Buys and Sells
We’re not kidding.
A number of years in the past, we shocked our members by providing them 30-day entry to all our picks for the overall sum of solely $1. No obligation to spend one other cent.
1000’s have taken benefit of this chance. 1000’s didn’t – they thought there have to be a catch. Sure, we do have a cause. We would like you to get acquainted with our portfolio companies like Shock Dealer, Shares Below $10, Expertise Innovators,and extra, that closed 228 positions with double- and triple-digit features in 2023 alone.
Model N, Inc. (MODN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
