FY2024 EPS Estimates for Schrödinger Cut by Leerink Partnrs

Schrödinger, Inc. (NASDAQ:SDGR) – Equities research analysts at Leerink Partnrs lowered their FY2024 earnings per share estimates for Schrödinger in a research note issued to investors on Wednesday, January 22nd. Leerink Partnrs analyst M. Foroohar now anticipates that the company will earn ($2.11) per share for the year, down from their prior forecast of ($1.99). The consensus estimate for Schrödinger’s current full-year earnings is ($2.29) per share. Leerink Partnrs also issued estimates for Schrödinger’s Q4 2024 earnings at ($0.09) EPS, FY2025 earnings at ($2.16) EPS and FY2026 earnings at ($2.73) EPS.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same period in the previous year, the firm posted ($0.86) earnings per share. The firm’s quarterly revenue was down 17.1% on a year-over-year basis.

Separately, BMO Capital Markets upped their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Schrödinger Trading Up 0.3 %

Shares of SDGR opened at $24.41 on Friday. The business’s 50-day moving average is $20.59 and its 200-day moving average is $20.06. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63.

Institutional Investors Weigh In On Schrödinger

Several institutional investors and hedge funds have recently modified their holdings of SDGR. Sei Investments Co. bought a new position in Schrödinger during the second quarter valued at about $243,000. Ensign Peak Advisors Inc lifted its holdings in Schrödinger by 4.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 23,893 shares of the company’s stock worth $462,000 after purchasing an additional 950 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Schrödinger by 8.5% during the second quarter. Public Sector Pension Investment Board now owns 121,616 shares of the company’s stock worth $2,352,000 after purchasing an additional 9,497 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in Schrödinger during the second quarter valued at approximately $318,000. Finally, Millennium Management LLC raised its position in shares of Schrödinger by 2,868.8% in the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after purchasing an additional 471,399 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.