From Nasdaq: 2024-06-05 11:30:33

Model N (MODN) has seen a slight increase in shares after the last earnings report but underperformed the S&P 500. The company reported mixed Q2 earnings, with revenue beating estimates but net income missing. Despite this, Model N showed top-line growth and improvement in non-GAAP net income. Cash flow and liquidity look steady, with $334.6 million in cash and equivalents as of March 31, 2024.

Analysts haven’t revised earnings estimates for Model N recently, but the company has a strong Growth Score of A. However, it lags in Momentum and value scores, with an aggregate VGM score of C. With a Zacks Rank #3 (Hold), Model N’s stock is expected to deliver in-line returns in the next few months. In comparison, Meta Platforms (META) from the same industry reported a revenue increase of +27.3% in its last quarter, with an expected earnings change of +44.6% in the current quarter.

For the latest stock recommendations, Zacks Investment Research has identified 7 top stocks including Model N and Meta Platforms that are likely to see early price increases. Experts suggest keeping an eye on these stocks for potential gains. With the full list of recommended stocks beating the market more than 2X over since 1988, it’s worth considering their suggestions for the next 30 days.



Read more at Nasdaq: Why Is Model N (MODN) Up 0.3% Since Last Earnings Report?