Neogen Earnings Preview
Portfolio Pulse from Benzinga Insights
Neogen Corporation (NASDAQ:NEOG) is scheduled to release its quarterly earnings report on January 9, 2024. Analysts predict an EPS of $0.13. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Neogen's stock price has been sensitive to earnings performance, with a 6.79% drop after missing EPS last quarter. Over the past 52 weeks, NEOG shares have increased by 12.54%, with the current price at $19.45 as of January 5.
January 08, 2024 | 2:00 pm
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NEUTRAL IMPACT
Neogen is expected to report an EPS of $0.13 for the upcoming quarter. Investors will focus on earnings results and future guidance, which historically have influenced the stock price significantly.
The short-term impact on Neogen's stock price will likely depend on whether the company meets or exceeds the earnings estimate and provides positive guidance. Historically, the stock has shown sensitivity to earnings releases, with notable price changes following the announcement. However, given the positive long-term performance, a neutral score is assigned as the market may have already priced in expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100