Neogen gains after surprise Q1 profit, upbeat annual revenue outlook
NEOG•Neogen shares rose 11.5% premarket after the company posted adjusted Q1 earnings of 8 cents per share, versus analysts’ expected loss of 7 cents. It forecast FY27 revenue of $885 million to $890 million, above the $883.2 million estimate.
1. Profit tops estimates
Neogen shares rose 11.5% to $13.30 premarket after the food and animal safety solutions firm reported adjusted first-quarter earnings of 8 cents per share, beating analysts’ estimates for a 7-cent loss. The higher profit was driven by higher EBITDA and lower interest and income tax expenses.
2. Revenue outlook
Neogen forecast FY27 revenue of $885 million to $890 million, above analysts’ estimate of $883.2 million. Three of five brokerages rated the stock “buy” or higher and two rated it “hold”; the median price target was $14. The stock was up 71.1% year to date as of its last close.
