BUZZ-Neogen shares rise as Q1 unexpectedly turns profitable and full-year revenue outlook remains optimistic
路透社2026/10/07 10:51October 7 - Shares of food and animal safety solutions company Neogen (NEOG.O) rose 11.5% in pre-market trading to $13.30. The company reported (link) adjusted earnings per share of 8 cents for the first quarter, outperforming analysts' expectations of a 7-cent loss per share, according to data compiled by LSEG. The profit growth was attributed to increased EBITDA and lower interest and income tax expenses. The company expects fiscal 2027 revenues to be between $885 million and $890 million, above the expected $883.2 million. Of five brokerages, three rated the stock as “Buy” or higher, and two as “Hold”, with a median target price of $14. As of the previous trading day's close, the stock has risen 71.1% so far this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translations may be incorrect or lack required context, Reuters does not guarantee the accuracy of such translations, which are provided for reader convenience only. Reuters accepts no liability for any harm or loss arising from use of automated translation.)
October 7 - ** Shares of food and animal safety solutions company Neogen (NEOG.O) rose 11.5% to $13.30 in premarket trading
** The company reported (link) adjusted earnings per share of $0.08 for the first quarter, beating analysts' expectations of a $0.07 per share loss—data compiled by LSEG
** Profit growth was driven by increased EBITDA and lower interest and income tax expenses
** The company expects fiscal 2027 revenue to be in the range of $885 million to $890 million, higher than the expected $883.2 million
** Out of five brokerages, three rated the stock as “buy” or higher, and two rated it as “hold”; the median price target is $14
** As of the previous trading day's close, the stock was up 71.1% year to date
(To assist non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translation may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for readers’ convenience. Reuters is not responsible for any damage or loss caused by the use of automated translation.)
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