Merus NV reports results for the quarter ended in December - Earnings Summary

Merus NV

29/02/2024 24:23

* Merus NV  MRUS.OQ  reported a quarterly adjusted loss of
$1.04​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of
$-1.81.  The mean expectation of twelve analysts for the quarter
was for a loss of 74 cents per share. Wall Street expected
results to range from $-1.05 to -49 cents per share.
    * Revenue fell 16.2% to $8.94 million from a year ago;
analysts
expected $10.13 million. 
    * Merus NV's reported EPS for the quarter was a loss of
$1.04​.
    * The company reported a quarterly loss of $60.15 million.
    * Merus NV shares had risen by 78.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 13 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Merus NV is
$44.00 

This summary was machine generated from LSEG data February 29 at
12:22 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.74          -1.04          Missed
 Sep. 30 2023      -0.74          -0.43          Beat
 Jun. 30 2023      -0.87          -0.66          Beat
 Mar. 31 2023      -1.02          -0.86          Beat