Here's Why Model N (MODN) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Model N (MODN)
San Mateo, CA-based Model N Inc. provides revenue management solutions for life sciences and technology companies including applications for configure, price, quote (CPQ), rebates management and regulatory compliance.
MODN boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 17.1% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.8%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.19 to $1.30 per share. MODN boasts an average earnings surprise of 20.8%.
Model N is also cash rich. The company has generated cash flow growth of 28.2%, and is expected to report cash flow expansion of 25.7% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MODN should be on investors' short lists.
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Model N, Inc. (MODN) : Free Stock Analysis Report
