Brokerages expect Merus NV (NASDAQ:MRUS) to report earnings per share of ($0.71) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Merus’ earnings, with the lowest EPS estimate coming in at ($0.80) and the highest estimate coming in at ($0.61). Merus reported earnings per share of ($2.06) during the same quarter last year, which indicates a positive year-over-year growth rate of 65.5%. The company is expected to issue its next earnings results on Friday, April 27th.
According to Zacks, analysts expect that Merus will report full year earnings of ($4.02) per share for the current fiscal year, with EPS estimates ranging from ($4.02) to ($4.01). For the next financial year, analysts forecast that the business will post earnings of ($3.83) per share, with EPS estimates ranging from ($4.22) to ($3.44). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Merus.
MRUS has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price objective on shares of Merus in a research note on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and issued a $30.00 price objective on shares of Merus in a research note on Thursday, October 26th. ValuEngine cut shares of Merus from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Merus from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub raised shares of Merus from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Merus has a consensus rating of “Hold” and an average target price of $30.25.
Merus (NASDAQ:MRUS) opened at $19.09 on Friday. The stock has a market cap of $367.21 and a P/E ratio of -2.82. Merus has a one year low of $13.23 and a one year high of $33.63.
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