Zacks: Analysts Anticipate Merus NV (MRUS) to Announce -$0.71 Earnings Per Share

Analysts expect Merus NV (NASDAQ:MRUS) to post earnings per share (EPS) of ($0.71) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Merus’ earnings. The lowest EPS estimate is ($0.80) and the highest is ($0.61). Merus posted earnings of ($2.06) per share during the same quarter last year, which suggests a positive year over year growth rate of 65.5%. The business is expected to issue its next earnings report on Friday, April 27th.

On average, analysts expect that Merus will report full year earnings of ($4.02) per share for the current financial year, with EPS estimates ranging from ($4.02) to ($4.01). For the next fiscal year, analysts forecast that the firm will post earnings of ($3.83) per share, with EPS estimates ranging from ($4.22) to ($3.44). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Merus.

Merus (NASDAQ:MRUS) last issued its earnings results on Thursday, November 30th. The biotechnology company reported ($0.95) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.26). Merus had a negative return on equity of 119.36% and a negative net margin of 809.20%.

MRUS has been the subject of several research reports. ValuEngine lowered Merus from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Merus from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Royal Bank of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Merus in a research note on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and set a $30.00 price objective on shares of Merus in a research note on Thursday, October 26th. Finally, BidaskClub raised Merus from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.25.

Shares of Merus (MRUS) opened at $18.83 on Monday. The stock has a market capitalization of $365.35 and a P/E ratio of -2.67. Merus has a 52 week low of $13.23 and a 52 week high of $33.63.

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About Merus

Merus NV is a biotechnology company based in the Netherlands. The Company develops differentiating therapeutics for cancer patients. The product programs in the Merus pipeline are based on the Biclonics format. Its products inlcude, among others, MCLA-134 that is designed to bind to a combination of two immunomodulatory targets expressed by T cells, as wellas MCLA-145 that is designed to bind to a tumor-associated target with an immunomodulatory target involved in checkpoint inhibition.

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Earnings History and Estimates for Merus (NASDAQ:MRUS)

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