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

Schrodinger

02/08/2023 22:02

* Schrodinger Inc  SDGR.OQ  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for a loss
of 47 cents per share.
    * Revenue fell 8.5% to $35.19 million from a year ago;
analysts
expected $37.87 million. 
    * Schrodinger Inc's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 342.2% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Schrodinger Inc shares had risen by 4.8% this quarter and
gained 180.0% so far this year.
    * The company reported quarterly net income of $4.28
million.
    * Wall Street's median 12-month price target for Schrodinger
Inc
is $60.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.47          0.06           Beat
 Mar. 31 2023      1.31           1.75           Beat
 Dec. 31 2022      -0.53          -0.38          Beat
 Sep. 30 2022      -0.65          -0.56          Beat