• Simulations Plus Inc SLP.OQ reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of six analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 2 cents to 9 cents per share.

• Revenue rose 19.4% to $18.66 million from a year ago; analysts expected $19.74 million.

• Simulations Plus Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $800 thousand.

• Simulations Plus Inc shares had risen by 7.0% this quarter and lost 23.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 29.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 58.00

This summary was machine generated from LSEG data October 24 at 03:10 a.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)