Mersana Therapeutics Inc reports results for the quarter ended September 30 - Earnings Summary

• Mersana Therapeutics Inc MRSN.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -27 cents. The mean expectation of nine analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from -23 cents to -13 cents per share.

• Revenue rose 63.7% to $12.60 million from a year ago; analysts expected $7.53 million.

• Mersana Therapeutics Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $11.5 million.

• Mersana Therapeutics Inc shares had risen by 16.4% this quarter and lost 5.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.3% 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 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the biotechnology & medical research peer group is also "buy"

Wall Street's median 12-month price target for Mersana Therapeutics Inc is 7.00

This summary was machine generated from LSEG data November 13 at 03:25 p.m. UTC. ​All figures in US dollars 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)