Neogen Earnings Preview
Neogen (NAS: NEOG) didn't hit the Street's expectations last quarter, but investors hope that it will rebound this quarter. The company will unveil its latest earnings on Tuesday. Neogen and its subsidiaries develop, manufacture, and market a diverse line of products dedicated to food and animal safety.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Neogen, with four of six rating it a buy and the remainder rating it a hold. Analysts like Neogen better than competitor Meridian Bioscience overall. Analysts haven't adjusted their rating of Neogen for the past three months.
- Revenue forecasts: On average, analysts predict $46 million in revenue this quarter. That would represent a rise of 8.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.23 per share. Estimates range from $0.20 to $0.25.
What our community says:
CAPS All-Stars are solidly behind the stock, with 100% granting it an outperform rating. The community at large agrees with the All-Stars, with 97% assigning it a rating of outperform. Even with a robust four out of five stars, Neogen's CAPS rating falls a little short of the community's upbeat outlook.
Neogen's profit has risen year-over-year by an average of 11.2% over the past five quarters. Revenue has now gone up for three straight quarters.
For all our Neogen-specific analysis, including earnings and beyond, add Neogen to My Watchlist.
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At the time this article was published