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

Schrodinger

01/05/2024 23:31

* Schrodinger Inc  SDGR.OQ  reported a quarterly adjusted
loss
of 76 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $1.75.  The mean expectation of eight analysts for the
quarter was for a loss of 75 cents per share. Wall Street
expected results to range from -86 cents to -64 cents per share.
    * Revenue fell 43.5% to $36.60 million from a year ago;
analysts
expected $41.97 million. 
    * Schrodinger Inc's reported EPS for the quarter was a loss
of 76
cents​.
    * The company reported a quarterly loss of $54.72 million.
    * Schrodinger Inc shares had fallen by 9.7% this quarter and
lost 31.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $37.50 

This summary was machine generated from LSEG data May 1 at 10:30
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
 Mar. 31 2024      -0.75          -0.76          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