Analysts Expect MorphoSys AG Unsponsored ADR (NYSE:MOR) Will Post Quarterly Sales of $12.41 Million
Wall Street brokerages forecast that MorphoSys AG Unsponsored ADR (NYSE:MOR) will report sales of $12.41 million for the current quarter, according to Zacks. Two analysts have provided estimates for MorphoSys’ earnings, with estimates ranging from $12.21 million to $12.61 million. MorphoSys reported sales of $11.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is expected to report its next quarterly earnings results on Wednesday, March 11th.
According to Zacks, analysts expect that MorphoSys will report full-year sales of $80.28 million for the current year, with estimates ranging from $78.81 million to $82.30 million. For the next financial year, analysts anticipate that the company will post sales of $161.38 million, with estimates ranging from $98.17 million to $242.77 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MorphoSys.
Separately, Svb Leerink restated an “outperform” rating on shares of MorphoSys in a research report on Tuesday, January 14th.
MorphoSys Company Profile
MorphoSys AG, together with its subsidiaries, engages in the research, development, and optimization of therapeutic antibody drug candidates in partnership with pharmaceutical and biotechnology companies. The company, together with its pharmaceutical partners, develops a therapeutic pipeline of approximately 100 drugs for the treatment of cancer, Alzheimer's disease, infectious diseases, cardiovascular dysfunction, and inflammation.
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