Schrodinger Inc reports results for the quarter ended September 30 - Earnings Summary

Schrodinger

12/11/2024 15:28

* Schrodinger Inc  SDGR.OQ  reported a quarterly adjusted
loss
of 52 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -86 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 60 cents per
share. Wall Street expected results to range from -85 cents
to -6 cents per share.
    * Revenue fell 17.1% to $35.29 million from a year ago;
analysts
expected $40.57 million. 
    * Schrodinger Inc's reported EPS for the quarter was a loss
of 52
cents​.
    * The company reported a quarterly loss of $38.14 million.
    * Schrodinger Inc shares had risen by 5.3% this quarter and
lost 45.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $30.00 
This summary was machine generated from LSEG data November 12 at
03:28 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
 Sep. 30 2024      -0.60          -0.52          Beat
 Jun. 30 2024      -0.85          -0.74          Beat
 Mar. 31 2024      -0.75          -0.76          Missed
 Dec. 31 2023      -0.38          -0.41          Missed