Neogen Corp. (NASDAQ:NEOG) Missed Earnings 6 times

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Neogen Corp. (NASDAQ:NEOG) moved up 4.29% and closed its last trading session at $68.52. This Medical Sector stock currently has the Market Capitalization of 2.6 Billion. The Average Volume for the stock is measured as 104.59 Million. The Stock has a 52-Week High of $69.09 and 52-Week Low of $43.79 following the dates, it touched its 52-Week High on Dec 21, 2016 and 52-Week Low on Mar 24, 2016. Currently, the Return on Assets value for the trailing twelve months is 8.5% with the Return on Equity and Return on Investment of 9.5% and 9.3% respectively. This firm currently has YTD (year to date) performance of 3.82 Percent which is awesome. The Short Ratio for the stock is 9.47.

Neogen Corp. (NASDAQ:NEOG) Price to Earnings (P/E) ratio is 66.59. EPS or Earning per Share stands at $1.03. The TTM operating margin is 17.1 percent.

Neogen Corp. (NASDAQ:NEOG) reports its Earnings on Tue 21 Mar (In 2 Days). The estimated EPS for the current quarter is said to be $0.27. Following Earnings result, share price were UP 13 times out of last 26 Qtrs. The stock has added about 8.7% since it reported its last earnings. The Closing price of Neogen Corp. (NASDAQ:NEOG) at Last Earnings was $63.02 as compared to the previous closing price of $65.7. The Predicted Move on the 7th day after Neogen Corp. (NASDAQ:NEOG) will release its earnings at about 5%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Neogen Corp. (NASDAQ:NEOG) beats earnings by 33%, The Stock Missed Earnings  6  times and has met earnings  2  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Neogen Corp. (NASDAQ:NEOG) reported its previous quarter on 12/21/2016 where it reported the Actual Earnings of $0.29. The Closing price before the company posted its earnings was $63.02. The Stock surged on the very next day of earnings and maintained its stock price at $65.9 by showing a % change of 4.57 percent from its previous closing price. The Next Day Volume after Earnings was reported as 398189. On the 7th day After Earnings Report, the stock hit its share price as $66.92 by showing 6.19% increase from the Stock price Before Earnings were reported.

On 09/27/2016, the stock reported the EPS of $0.26 where Analysts were projecting the EPS to be $0.26 showing a difference of $0. Thus Surprise Factor was there with 0 percent. Before Earnings Announcement on 09/27/2016, the firm had its stock price of $57.58. And immediately on the next day after earnings announcement, the stock declined -4.86% and closed its trading session at $54.78. On 7th Day after earnings release, Neogen Corp. (NASDAQ:NEOG) dropped to -2.95% from $57.58 to $55.88.

On 03/23/2016, Analysts were suspecting EPS of $0.26/share where Neogen Corp. (NASDAQ:NEOG) reported its Actual EPS of $0.26. Thus showing a Surprise of 0 percent. The Closing Price of the stock before earnings was $52.27 while on the Next day the stock closed its trading session at $46.06 with a percentage change of -11.88% from the price of 52.27 before Earnings. The Stock Closing Price on the 7th day of earnings was $48.7.

Company Profile:

Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products and services for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and complementary products to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug and pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells. This segment offers its products primarily to food and feed processors, meat and poultry processors, seafood processors, fruit and vegetable producers, grain producers and processors, and dairies; laboratories; producers of pharmaceuticals, cosmetics, veterinary vaccines, and nutraceutical products; and various regulatory agencies. The Animal Safety segment provides pharmaceuticals, rodenticides, disinfectants, vaccines, veterinary instruments, topicals, diagnostic products, and genetic testing services to the animal safety market. This segment’s drug detection immunoassay test kits are used for the detection of abused and therapeutic drugs in farm animals and racing animals; detection of drug residues in meat and meat products; and human forensic toxicology drug screening applications. Its products are also used to maintain sanitary conditions and limit the potential hazards of bacteria, fungi, and viruses. In addition, this segment offers various products for researchers to detect biologically active substances. The company sells its products directly, as well as through distributors and retail chains. Neogen Corporation was founded in 1981 and is headquartered in Lansing, Michigan.