-$0.30 Earnings Per Share Expected for MorphoSys AG Unsponsored ADR (MOR) This Quarter

Brokerages expect MorphoSys AG Unsponsored ADR (NYSE:MOR) to report ($0.30) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for MorphoSys’ earnings, with the highest EPS estimate coming in at ($0.28) and the lowest estimate coming in at ($0.31). MorphoSys posted earnings per share of ($0.15) in the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The company is expected to issue its next earnings report after the market closes on Wednesday, March 13th.

On average, analysts expect that MorphoSys will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.41). For the next fiscal year, analysts forecast that the business will post earnings of ($0.87) per share, with EPS estimates ranging from ($0.93) to ($0.81). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover MorphoSys.

Separately, Leerink Swann reissued an “outperform” rating on shares of MorphoSys in a report on Friday, January 11th.

Shares of NYSE:MOR traded up $0.49 during trading on Thursday, reaching $26.82. 935 shares of the company were exchanged, compared to its average volume of 25,579. MorphoSys has a 12-month low of $21.75 and a 12-month high of $35.90.

About MorphoSys

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.

Read More: How to execute a trade ex-dividend strategy?

Get a free copy of the Zacks research report on MorphoSys (MOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MorphoSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MorphoSys and related companies with MarketBeat.com's FREE daily email newsletter.