Schrödinger (SDGR) to Release Quarterly Earnings on Wednesday

Schrödinger (NASDAQ:SDGR) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.35) per share and revenue of $83.20 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Schrödinger Price Performance

Shares of SDGR opened at $21.69 on Tuesday. The firm’s 50 day moving average is $22.19 and its 200-day moving average is $20.53. The stock has a market capitalization of $1.58 billion, a P/E ratio of -9.27 and a beta of 1.61. Schrödinger has a 12-month low of $16.67 and a 12-month high of $33.63.

Analysts Set New Price Targets

SDGR has been the topic of several recent research reports. KeyCorp lifted their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.11.

About Schrödinger

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.