Schrodinger Q4 2023 Adj EPS $(0.32) Beats $(0.38) Estimate, Sales $74.10M Miss $79.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Schrodinger (NASDAQ:SDGR) reported Q4 2023 adjusted EPS of $(0.32), beating the $(0.38) estimate, but missed sales estimates with $74.10M against the expected $79.00M. This represents a 30.36% increase in sales compared to the same period last year.
February 28, 2024 | 9:09 pm
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NEUTRAL IMPACT
Schrodinger reported a better-than-expected Q4 2023 EPS but missed on sales forecasts, showing a significant year-over-year sales growth.
The mixed results with an EPS beat but a miss on sales forecasts could lead to a neutral short-term impact on SDGR's stock price. The significant year-over-year sales growth indicates underlying strength, potentially balancing investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100