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

• Schrodinger Inc SDGR.OQ reported a quarterly adjusted loss of 59 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -74 cents. The mean expectation of nine analysts for the quarter was for a loss of 77 cents per share. Wall Street expected results to range from $-1.07 to -49 cents per share.

• Revenue rose 15.7% to $54.76 million from a year ago; analysts expected $52.00 million.

• Schrodinger Inc's reported EPS for the quarter was a loss of 59 cents​.

• The company reported a quarterly loss of $43.17 million.

• Schrodinger Inc shares had fallen by 2.4% this quarter and gained 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.9% 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 $31.00, about 36.6% above its last closing price of $19.64

This summary was machine generated from LSEG data August 6 at 09:44 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)