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

Schrodinger

04/05/2023 22:01

* Schrodinger Inc  SDGR.OQ  reported quarterly adjusted
earnings
of $1.75​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
$1.31 per share.
    * Revenue rose 33.1% to $64.78 million from a year ago;
analysts
expected $64.95 million. 
    * Schrodinger Inc's reported EPS for the quarter was $1.75​.
    * The mean earnings estimate of analysts had risen by
about 333.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Schrodinger Inc shares had risen by 10.7% this quarter and
gained 56.0% so far this year.
    * The company reported quarterly net income of $129.14
million.
    * Wall Street's median 12-month price target for Schrodinger
Inc
is $46.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.31           1.75           Beat
 Dec. 31 2022      -0.53          -0.38          Beat
 Sep. 30 2022      -0.65          -0.56          Beat
 Jun. 30 2022      -0.61          -0.67          Missed