Neogen Q1 Adjusted EPS $0.11 Misses $0.12 Estimate, Sales $228.99M Miss $231.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Neogen (NASDAQ:NEOG) reported Q1 earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. This is a 31.25% decrease from the same period last year. The company also reported quarterly sales of $228.99 million, missing the analyst consensus estimate of $231.10 million by 0.91%. However, this is a 73.02% increase from the same period last year.
October 10, 2023 | 11:04 am
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NEGATIVE IMPACT
Neogen's Q1 earnings and sales missed estimates, which could negatively impact the stock in the short term. However, the significant YoY increase in sales may mitigate some of this impact.
Neogen's missed earnings and sales estimates are likely to negatively impact investor sentiment and could lead to a short-term decrease in the stock price. However, the significant YoY increase in sales indicates strong growth, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100