Schrödinger (SDGR) Scheduled to Post Quarterly Earnings on Wednesday

Schrödinger (NASDAQ:SDGR – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Schrödinger to post earnings of ($0.55) per share for the quarter. Schrödinger has set its FY 2022 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Schrödinger (NASDAQ:SDGR – Get Rating) last released its earnings results on Thursday, February 24th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.05). Schrödinger had a negative return on equity of 16.91% and a negative net margin of 72.79%. The business had revenue of $46.17 million for the quarter, compared to analysts’ expectations of $36.83 million. On average, analysts expect Schrödinger to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NASDAQ:SDGR opened at $25.68 on Wednesday. Schrödinger has a 12-month low of $23.14 and a 12-month high of $79.75. The stock has a 50-day moving average price of $31.38 and a 200 day moving average price of $36.27. The stock has a market capitalization of $1.82 billion, a P/E ratio of -18.21 and a beta of 0.99.

Several analysts recently issued reports on the company. Piper Sandler cut their target price on Schrödinger from $87.00 to $84.00 in a research report on Friday, February 25th. Citigroup assumed coverage on Schrödinger in a report on Monday, February 28th. They set a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Schrödinger currently has a consensus rating of “Hold” and a consensus price target of $70.14.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Schrödinger by 3.2% during the 3rd quarter. LPL Financial LLC now owns 7,539 shares of the company’s stock valued at $412,000 after buying an additional 237 shares in the last quarter. Comerica Bank lifted its stake in shares of Schrödinger by 2.0% in the 4th quarter. Comerica Bank now owns 21,146 shares of the company’s stock valued at $583,000 after purchasing an additional 423 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Schrödinger by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 66,415 shares of the company’s stock valued at $2,313,000 after purchasing an additional 1,780 shares during the last quarter. Monolith Advisors bought a new stake in shares of Schrödinger in the 4th quarter valued at approximately $71,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Schrödinger in the 3rd quarter valued at approximately $250,000. Institutional investors and hedge funds own 60.20% of the company’s stock.

Schrödinger Company Profile (Get Rating)

Schrödinger, Inc, together with its subsidiaries, provides physics-based software 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 selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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