MorphoSys AG Unsponsored ADR (MOR) Expected to Announce Quarterly Sales of $10.34 Million

Equities research analysts forecast that MorphoSys AG Unsponsored ADR (NYSE:MOR) will announce sales of $10.34 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for MorphoSys’ earnings. The highest sales estimate is $10.51 million and the lowest is $10.17 million. MorphoSys reported sales of $3.44 million in the same quarter last year, which suggests a positive year over year growth rate of 200.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that MorphoSys will report full year sales of $65.67 million for the current fiscal year, with estimates ranging from $53.11 million to $78.54 million. For the next financial year, analysts anticipate that the company will report sales of $154.40 million, with estimates ranging from $90.40 million to $194.94 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for MorphoSys.

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

MorphoSys stock traded up $0.17 during trading on Wednesday, hitting $22.72. The company had a trading volume of 6,669 shares, compared to its average volume of 29,975. MorphoSys has a 1-year low of $21.75 and a 1-year high of $35.90.

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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