We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Simulations Plus (SLP) to Report Q1 Earnings: What's in Store?
Read MoreHide Full Article
Simulations Plus (SLP - Free Report) is slated to release first-quarter fiscal 2024 results on Jan 3, 2024.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $13.7 million, which suggests growth of 15.1% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 11 cents per share, indicating a year-over-year increase of 83.3%.
The company reported fourth-quarter fiscal 2023 earnings of 18 cents per share compared with 6 cents in the year-ago quarter. Revenues of $15.6 million increased 33% year over year, driven by higher revenues in the Software and Services business segments.
The company’s performance in the fiscal first quarter is likely to have benefited from solid momentum in the software business unit owing to renewal harmonization initiatives that simplify and align contract renewals. Frequent strategic collaborations for new AI/ML drug discovery bode well.
SLP’s implementation of cross-selling strategies has seen success with a growing client base using multiple platforms. In the last reported quarter, it added 10 new customers and 11 upsells for the GastroPlus offering. For ADMET Predictor, it added six new customers with five upsells. For Monolix, it added seven new customers with five upsells.
Service revenues are likely to have benefited from the rising backlog owing to the sales and marketing investments and the addition of ImmuMetrix. The company also continues to expand its global footprint by increasing its presence in Europe, Asia and Latin America, and penetrating smaller biotech firms with its software solutions like PBPK and PKPD services.
However, the software revenue renewal rate is likely to have been affected due to a slowdown from small biotech customers that have been impacted by funding scarcity. Higher costs on product enhancements, acquisitions, and research and development are likely to have exerted pressure on margin expansion in the quarter under review.
What the Zacks Model Unveils
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Simulations Plus has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks that have the right combination of elements to post an earnings beat this time around.
The Zacks Consensus Estimate for Constellation Brands’ to-be-reported quarter’s earnings is pegged at $3.03 per share. The company’s earnings have delivered an average surprise of 4.3% in the trailing four quarters. Shares of STZ have gained 4.5% in the past year.
Franklin Convey (FC - Free Report) has an Earnings ESP of +17.33% and currently carries a Zacks Rank #3. FC is scheduled to report first-quarter fiscal 2024 earnings on Jan 4.
The Zacks Consensus Estimate for Franklin Convey’s to-be-reported quarter’s earnings is pegged at 19 cents per share. The company’s earnings have delivered an average surprise of 23.7% in the trailing four quarters. Shares of FC have lost 8.2% in the past year.
AZZ Inc (AZZ - Free Report) has an Earnings ESP of +3.03% and currently carries a Zacks Rank #3. AZZ is scheduled to report third-quarter fiscal 2024 earnings on Jan 9.
The Zacks Consensus Estimate for AZZ’s to-be-reported quarter’s earnings is pegged at 99 cents per share. The company’s earnings have delivered an average surprise of 24.8% in the trailing four quarters. Shares of AZZ have gained 45.5% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Simulations Plus (SLP) to Report Q1 Earnings: What's in Store?
Simulations Plus (SLP - Free Report) is slated to release first-quarter fiscal 2024 results on Jan 3, 2024.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $13.7 million, which suggests growth of 15.1% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 11 cents per share, indicating a year-over-year increase of 83.3%.
The company reported fourth-quarter fiscal 2023 earnings of 18 cents per share compared with 6 cents in the year-ago quarter. Revenues of $15.6 million increased 33% year over year, driven by higher revenues in the Software and Services business segments.
Simulations Plus, Inc. Price and EPS Surprise
Simulations Plus, Inc. price-eps-surprise | Simulations Plus, Inc. Quote
Factors to Note
The company’s performance in the fiscal first quarter is likely to have benefited from solid momentum in the software business unit owing to renewal harmonization initiatives that simplify and align contract renewals. Frequent strategic collaborations for new AI/ML drug discovery bode well.
SLP’s implementation of cross-selling strategies has seen success with a growing client base using multiple platforms. In the last reported quarter, it added 10 new customers and 11 upsells for the GastroPlus offering. For ADMET Predictor, it added six new customers with five upsells. For Monolix, it added seven new customers with five upsells.
Service revenues are likely to have benefited from the rising backlog owing to the sales and marketing investments and the addition of ImmuMetrix. The company also continues to expand its global footprint by increasing its presence in Europe, Asia and Latin America, and penetrating smaller biotech firms with its software solutions like PBPK and PKPD services.
However, the software revenue renewal rate is likely to have been affected due to a slowdown from small biotech customers that have been impacted by funding scarcity. Higher costs on product enhancements, acquisitions, and research and development are likely to have exerted pressure on margin expansion in the quarter under review.
What the Zacks Model Unveils
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Simulations Plus has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks that have the right combination of elements to post an earnings beat this time around.
Constellation Brands (STZ - Free Report) has an Earnings ESP of +0.64% and currently carries a Zacks Rank #3. ANGO is scheduled to report third-quarter fiscal 2024 earnings on Jan 5. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Constellation Brands’ to-be-reported quarter’s earnings is pegged at $3.03 per share. The company’s earnings have delivered an average surprise of 4.3% in the trailing four quarters. Shares of STZ have gained 4.5% in the past year.
Franklin Convey (FC - Free Report) has an Earnings ESP of +17.33% and currently carries a Zacks Rank #3. FC is scheduled to report first-quarter fiscal 2024 earnings on Jan 4.
The Zacks Consensus Estimate for Franklin Convey’s to-be-reported quarter’s earnings is pegged at 19 cents per share. The company’s earnings have delivered an average surprise of 23.7% in the trailing four quarters. Shares of FC have lost 8.2% in the past year.
AZZ Inc (AZZ - Free Report) has an Earnings ESP of +3.03% and currently carries a Zacks Rank #3. AZZ is scheduled to report third-quarter fiscal 2024 earnings on Jan 9.
The Zacks Consensus Estimate for AZZ’s to-be-reported quarter’s earnings is pegged at 99 cents per share. The company’s earnings have delivered an average surprise of 24.8% in the trailing four quarters. Shares of AZZ have gained 45.5% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.