FY2024 EPS Estimates for Schrödinger Decreased by Analyst

Schrödinger, Inc. (NASDAQ:SDGR) – Analysts at Leerink Partnrs cut their FY2024 earnings estimates for Schrödinger in a note issued to investors on Wednesday, January 22nd. Leerink Partnrs analyst M. Foroohar now expects that the company will post earnings of ($2.11) per share for the year, down from their previous 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.

Several other equities research analysts also recently weighed in on SDGR. BMO Capital Markets increased their price target on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp raised their target price on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.10.

Schrödinger Stock Performance

NASDAQ SDGR opened at $24.67 on Friday. The firm’s fifty day moving average is $20.71 and its two-hundred day moving average is $20.08. Schrödinger has a one year low of $16.67 and a one year high of $33.63. The firm has a market cap of $1.80 billion, a PE ratio of -10.54 and a beta of 1.59.

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

Institutional Trading of Schrödinger

Several large investors have recently bought and sold shares of the company. KBC Group NV increased its holdings in Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares in the last quarter. Quarry LP increased its stake in shares of Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Schrödinger by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after purchasing an additional 1,305 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Schrödinger during the 3rd quarter valued at $102,000. Finally, Point72 DIFC Ltd purchased a new position in Schrödinger during the third quarter worth $151,000. 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.