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

Schrodinger

29/02/2024 24:29

* Schrodinger Inc  SDGR.OQ  reported a quarterly adjusted
loss
of 41 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -38 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 38 cents per share. Wall Street
expected results to range from -53 cents to -20 cents per share.
    * Revenue rose 30.4% to $74.13 million from a year ago;
analysts
expected $79.00 million. 
    * Schrodinger Inc's reported EPS for the quarter was a loss
of 41
cents​.
    * The company reported a quarterly loss of $30.67 million.
    * Schrodinger Inc shares had fallen by 7.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Schrodinger
Inc
is $44.00 

This summary was machine generated from LSEG data February 29 at
12:29 a.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      -0.38          -0.41          Missed
 Sep. 30 2023      -0.71          -0.86          Missed
 Jun. 30 2023      -0.47          0.06           Beat
 Mar. 31 2023      1.31           1.75           Beat