Published on 29 May 2024 on Simply Wall St. via Yahoo Finance

These Analysts Think Merus N.V.'s (NASDAQ:MRUS) Sales Are Under Threat

The latest analyst coverage could presage a bad day for Merus N.V. (NASDAQ:MRUS), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Bidders are definitely seeing a different story, with the stock price of US$54.87 reflecting a 26% rise in the past week. Whether the downgrade will have a negative impact on demand for shares is yet to be seen.

Following the downgrade, the most recent consensus for Merus from its twelve analysts is for revenues of US$40m in 2024 which, if met, would be a modest 5.2% increase on its sales over the past 12 months. Per-share losses are expected to see a sharp uptick, reaching US$2.94. However, before this estimates update, the consensus had been expecting revenues of US$48m and US$2.84 per share in losses. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.