MorphoSys AG reports results for the quarter ended in December - Earnings Summary

• MorphoSys AG MOR reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of €2.41. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results

• Revenue fell 27.7% to €59.02 million from a year ago; analysts expected €62.05 million.

• MorphoSys AG's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of €48.27 million.

• MorphoSys AG shares had risen by 83.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 116.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for MorphoSys AG is $14.84

This summary was machine generated from LSEG data March 14 at 05:13 a.m. UTC. ​All figures in euros 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)