Earnings Preview: Schrodinger, Inc. (SDGR) Q2 Earnings Expected to Decline

Earnings Expectations - The company is expected to report a quarterly loss of $0 85 per share, representing a year-over-year decline of 304 8$40 19 million, up 14 2% from the same quarter last year [4] - The consensus EPS estimate has been revised 5 36% lower over the last 30 days, reflecting analysts' reassessment of initial estimates [5] Earnings Surprise Potential - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -13 58%, indicating analysts have become bearish on the company's earnings prospects [11] - The stock currently carries a Zacks Rank of 3, making it difficult to predict an earnings beat [12][13] - Historically, the company has beaten consensus EPS estimates two times over the last four quarters [15] Market Impact - The earnings report, expected on July 31, 2024, could influence the stock price depending on whether the results exceed or fall short of expectations [2] - A positive Earnings ESP combined with a strong Zacks Rank increases the likelihood of an earnings beat, with stocks in this category producing a positive surprise nearly 70% of the time [9] - However, the company does not appear to be a compelling earnings-beat candidate, and investors should consider other factors before making decisions [18]