Simulations Plus Inc reports results for the quarter ended in August 31 - Earnings Summary

Simulations Plus

24/10/2024 04:11

* Simulations Plus Inc  SLP.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended August 31,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of six analysts
for the quarter was for earnings of 4 cents per share. Wall
Street expected results to range from 2 cents to 9 cents per
share.
    * Revenue rose 19.4% to $18.66 million from a year ago;
analysts
expected $19.74 million. 
    * Simulations Plus Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $800
thousand.
    * Simulations Plus Inc shares had risen by 7.0% this
quarter and
lost 23.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 29.4%
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 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Simulations Plus
Inc is 58.00 
This summary was machine generated from LSEG data October 24 at
03:10 a.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
 Aug. 31 2024      0.04           0.04           Met
 May. 31 2024      0.15           0.15           Met
 Feb. 29 2024      0.19           0.20           Beat
 Nov. 30 2023      0.10           0.10           Met