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

• 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)