Schrödinger (SDGR) Projected to Post Earnings on Wednesday

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

Schrödinger Trading Down 5.7 %

NASDAQ:SDGR opened at $22.64 on Monday. Schrödinger has a 1-year low of $16.67 and a 1-year high of $33.63. The business’s 50-day moving average price is $22.19 and its two-hundred day moving average price is $20.52. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -9.68 and a beta of 1.61.

Analysts Set New Price Targets

Several research firms have weighed in on SDGR. BMO Capital Markets increased their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp lifted their target price on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.