Erste Group Downgrades Merck's Earnings Forecast to $9.52 per Share
Market analysts at Erste Group Bank have downgraded their earnings forecast for Merck & Co., Inc. (NYSE:MRK) in a recent research note.
The analyst, H. Engel, now predicts that Merck will post earnings per share of $9.52 for the year 2027, a decrease from their prior estimate of $9.54.
This revised forecast comes after Merck's quarterly earnings report on August 4th, in which the company beat analysts' expectations with EPS of ($0.13) and revenue of $16.61 billion.
Erste Group Bank's new forecast is significantly higher than the current consensus estimate of $2.76 per share for Merck's FY2027 earnings.