Certara Inc reports results for the quarter ended in December - Earnings Summary

Certara

29/02/2024 23:27

* Certara Inc  CERT.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 11 cents per share. Wall Street expected
results to range from 8 cents to 14 cents per share.
    * Revenue rose 1.6% to $88.01 million from a year ago;
analysts
expected $86.60 million. 
    * Certara Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $12.46 million.
    * Certara Inc shares had fallen by 3.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Certara Inc
is
$19.00 

This summary was machine generated from LSEG data February 29 at
11:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           0.09           Missed
 Sep. 30 2023      0.11           0.11           Met
 Jun. 30 2023      0.13           0.12           Missed
 Mar. 31 2023      0.12           0.12           Met