Schrödinger Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Schrödinger (NASDAQ:SDGR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$35.3m (down 17% from 3Q 2023).
• Net loss: US$38.1m (loss narrowed by 39% from 3Q 2023).
• US$0.52 loss per share (improved from US$0.86 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Schrödinger EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Schrödinger that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.