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

Simulations Plus

02/07/2024 22:51

* Simulations Plus Inc  SLP.OQ  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of 20 cents.  The mean expectation of four analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 13 cents to 17 cents per share.
    * Revenue rose 14.2% to $18.54 million from a year ago;
analysts
expected $17.92 million. 
    * Simulations Plus Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $3.14
million.
    * Simulations Plus Inc shares had fallen by 5.0% this
quarter and
gained 3.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "strong buy"

Wall Street's median 12-month price target for Simulations Plus
Inc is $60.00 
This summary was machine generated from LSEG data July 2 at
09:51 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
 May. 31 2024      0.15           0.15           Met
 Feb. 29 2024      0.19           0.20           Beat
 Nov. 30 2023      0.10           0.10           Met
 Aug. 31 2023      0.18           0.02           Missed