Schrodinger Q1 2024 Adj EPS $(0.86) Misses $(0.75) Estimate, Sales $36.598M Miss $41.966M Estimate
Portfolio Pulse from Benzinga Newsdesk
Schrodinger (NASDAQ:SDGR) reported Q1 2024 adjusted EPS of $(0.86), missing the $(0.75) estimate, with sales of $36.598M also missing the $41.966M estimate. This represents a 43.51% decrease in sales compared to the same period last year.
May 01, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Schrodinger reported a significant miss in both adjusted EPS and sales for Q1 2024, with a notable year-over-year decrease in sales.
The miss in both adjusted EPS and sales estimates, coupled with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a short-term decrease in SDGR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100