Top Wall Street Forecasters Revamp Neogen Expectations Ahead Of Q1 Earnings
Earnings forecast and recent downgrade indicate weak short-term performance. The departure of a key executive further adds to uncertainty.
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Earnings forecast and recent downgrade indicate weak short-term performance. The departure of a key executive further adds to uncertainty.
What happened, with direct paths to the underlying reporting
NEOG earnings expected at 4 cents, down from 7 cents last year. Projected quarterly revenue is $204.15 million, down from $216.96 million. Shares fell 7.1%, closing at $5.63 following CFO Naemura's departure announcement. Analysts have mixed ratings; some downgraded while others maintain 'Buy' outlook.
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