NEOG Earnings Prediction
The chart below shows how NEOG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NEOG sees a +8.24% change in stock price 10 days leading up to the earnings, and a -3.99% change 10 days following the report. On the earnings day itself, the stock moves by -3.94%. This data can give you a slight idea of what to expect for the next quarter's release.
NEOG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
231.26M
0.71%
6.59%
Gross Margin
38.80%
-23.70%
3.52%
Operating Margin
1.69%
-73.17%
62.50%
Net Margin
-197.30%
12880.26%
3295.87%
EPS
-2.10
-10400.00%
3400.00%
No Data Available
NEOG Earnings Analysis
Neogen Corp Corporation (NEOG.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Second quarter revenues were $231 million, reflecting a 3.5% growth compared to the prior year.
Core Revenue Growth: Core revenue, excluding the impact of foreign currency, acquisitions, and discontinued product lines, grew 3.5% for the quarter.
Food Safety Revenue Stability: In the food safety segment, revenues were $164 million in the quarter, flat compared to the prior year, indicating stability in a challenging market.
Biosafety Product Growth: The core growth was led by biosafety products, benefiting from strong growth in the ATP product line.
Adjusted EBITDA Performance: Adjusted EBITDA was $51 million in the second quarter, representing a margin of 22.2%, showing sequential improvement of 210 basis points.
Negative
Revenue Decline Analysis: Second quarter revenues were $231 million, which reflects a decline compared to previous expectations.
Foreign Currency Impact on Revenue: Core revenue growth was negatively impacted by foreign currency headwinds of 250 basis points compared to the prior year.
Food Safety Revenue Stability: In the food safety segment, revenues were $164 million, flat compared to the prior year due to negative FX impact offsetting nearly 4% core growth.
Gross Margin Decline: Gross margin in the second quarter was 49%, representing a decrease of 190 basis points from 50.9% in the same quarter a year ago.
Goodwill Impairment Impact: GAAP net income in the quarter was significantly negative due to a non-cash goodwill impairment charge related to the acquisition of the former 3M food safety division.
