Schrodinger, Inc. (SDGR) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.62 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 51.16%. A quarter ago, it was expected that this company would post earnings of $1.36 per share when it actually produced a loss of $0.38, delivering a surprise of -127.94%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Schrodinger, Inc. , which belongs to the Zacks Medical Info Systems industry, posted revenues of $35.19 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $38.47 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Schrodinger, Inc. Shares have added about 180% since the beginning of the year versus the S&P 500's gain of 19.2%.
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