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

• Schrodinger Inc reported a quarterly adjusted loss of 50 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -45 cents. The mean expectation of six analysts for the quarter was for a loss of 70 cents per share. Wall Street expected results to range from -81 cents to -53 cents per share.

• Revenue rose 18.7% to $64.49 million from a year ago; analysts expected $47.26 million.

• Schrodinger Inc's reported EPS for the quarter was a loss of 50 cents​.

• The company reported a quarterly loss of $37.71 million.

• Schrodinger Inc shares had fallen by 12.5% this quarter and gained 52.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $24.00, about 18.8% below its last closing price of $28.52

This summary was machine generated from LSEG data November 5 at 12:30 a.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)