Certara Inc reports results for the quarter ended March 31 - Earnings Summary

• Certara Inc CERT.OQ reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eleven analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 10 cents to 12 cents per share.

• Revenue rose 9.7% to $106.00 million from a year ago; analysts expected $104.88 million.

• Certara Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $4.74 million.

• Certara Inc shares had risen by 31.2% this quarter and gained 22.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.4% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "hold"

• Wall Street's median 12-month price target for Certara Inc is $16.00

This summary was machine generated from LSEG data May 5 at 09:50 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)