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

Schrodinger

31/07/2024 22:21

* Schrodinger Inc  SDGR.OQ  reported a quarterly adjusted
loss
of 74 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 85 cents per share. Wall Street
expected results to range from -98 cents to -71 cents per share.
    * Revenue rose 34.5% to $47.33 million from a year ago;
analysts
expected $39.35 million. 
    * Schrodinger Inc's reported EPS for the quarter was a loss
of 74
cents​.
    * The company reported a quarterly loss of $54.05 million.
    * Schrodinger Inc shares had risen by 16.7% this quarter and
lost 37.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Schrodinger Inc
is $36.00 
This summary was machine generated from LSEG data July 31 at
09:21 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
 Jun. 30 2024      -0.85          -0.74          Beat
 Mar. 31 2024      -0.75          -0.76          Missed
 Dec. 31 2023      -0.38          -0.41          Missed
 Sep. 30 2023      -0.71          -0.86          Missed