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HomeBusinessSimulations Plus Reports Q2 Earnings, Provides Guidance

Simulations Plus Reports Q2 Earnings, Provides Guidance

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Simulations Plus (NASDAQ:SLP) reported its Q2 results on Wednesday, with EPS coming in at $0.20, better than the Street estimate of $0.18. Revenue was $15.8 million, slightly missing the Street estimate of $16.15 million.
According to the analysts at Oppenheimer, they are encouraged by management’s confidence in growth. On the services segment, they’re pleased with the continued momentum as well as the expanding opportunities.
Importantly, the company reaffirmed its confidence in its 2023 guidance, expecting EPS of $0.63-$0.67, compared to the Street estimate of $0.65. Revenue is seen at $59.3-62 million, compared to the Street estimate of $60.8 million. The analyst mentioned they would be buyers on any potential weakness around the slight top-line miss.

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