Simulations Plus Inc reports results for the quarter ended May 31 - Earnings Summary

• Simulations Plus Inc SLP reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of seven analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -1 cents to 11 cents per share.

• Revenue rose 9.8% to $20.36 million from a year ago; analysts expected $20.04 million.

• Simulations Plus Inc's reported EPS for the quarter was a loss of $3.35​.

• The company reported a quarterly loss of $67.32 million.

• Simulations Plus Inc shares had fallen by 2.8% this quarter and lost 39.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 63.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

• Wall Street's median 12-month price target for Simulations Plus Inc is $26.50, about 36% above its last closing price of $16.96

This summary was machine generated from LSEG data July 14 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)