Schrödinger (SDGR) to Release Quarterly Earnings on Wednesday

Schrödinger (NASDAQ:SDGR) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Schrödinger to post earnings of ($0.85) per share for the quarter. Schrödinger has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.76) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The company had revenue of $36.60 million for the quarter, compared to the consensus estimate of $41.23 million. On average, analysts expect Schrödinger to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Schrödinger Stock Performance

NASDAQ:SDGR opened at $22.25 on Tuesday. The firm’s 50-day moving average is $21.21 and its 200-day moving average is $24.56. Schrödinger has a 52-week low of $18.21 and a 52-week high of $52.81.

Analyst Ratings Changes

Several research analysts have recently issued reports on SDGR shares. Leerink Partnrs upgraded shares of Schrödinger to a “strong-buy” rating in a report on Tuesday, July 2nd. KeyCorp dropped their price objective on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. SVB Leerink began coverage on shares of Schrödinger in a report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 price objective for the company. Citigroup lowered their target price on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Craig Hallum lowered their target price on shares of Schrödinger from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.90.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.