Analysts Estimate Neogen (NEOG) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Neogen (NEOG) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook indicating potential impacts on its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on October 9, with a consensus EPS estimate of $0.05 per share, reflecting a year-over-year decrease of 28.6% [3][12]. - Revenues are projected to be $203.18 million, down 6.4% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 12.5% over the last 30 days, indicating a reassessment by analysts [4]. - Neogen's Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a positive reading being a strong predictor of an earnings beat [9][10]. - Neogen currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Neogen was expected to post earnings of $0.08 per share but only achieved $0.05, resulting in a surprise of -37.50% [13]. - The company has not beaten consensus EPS estimates in any of the last four quarters [14]. Conclusion - Neogen does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [17].