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

Schrodinger

02/11/2023 24:01

* Schrodinger Inc  SDGR.OQ  reported a quarterly adjusted
loss
of 86 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of -56 cents.  The mean expectation of eight analysts for
the quarter was for a loss of 71 cents per share. Wall Street
expected results to range from -91 cents to -46 cents per share.
    * Revenue rose 15.1% to $42.57 million from a year ago;
analysts
expected $37.85 million. 
    * Schrodinger Inc's reported EPS for the quarter was a loss
of 86
cents​.
    * The company reported a quarterly loss of $62.02 million.
    * Schrodinger Inc shares had fallen by 23.2% this
quarter and
gained 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 6 "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 $52.00 
This summary was machine generated from LSEG data November 2 at
12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.53          -0.38          Beat