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

• Schrodinger Inc SDGR.OQ reported a quarterly adjusted loss of 82 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -76 cents. The mean expectation of seven analysts for the quarter was for a loss of 75 cents per share. Wall Street expected results to range from -91 cents to -68 cents per share.

• Revenue rose 62.7% to $59.55 million from a year ago; analysts expected $54.65 million.

• Schrodinger Inc's reported EPS for the quarter was a loss of 82 cents​.

• The company reported a quarterly loss of $59.81 million.

• Schrodinger Inc shares had risen by 19.4% this quarter and gained 22.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.3% 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 7 "strong buy" or "buy," 2 "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 $32.00

This summary was machine generated from LSEG data May 7 at 10:27 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)