Headquartered in Lansing, MI Fiscal year ends May NASDAQ: NEOG neogen.com
Neogen Corporation develops and markets comprehensive solutions for food safety, livestock, and pet health & wellness. Its Food Safety segment provides products for detecting natural toxins, allergens, bacterial contamination, and pathogens, as well as indicator testing and culture media (including Petrifilm), biosecurity products, and genomics services. Its Animal Safety segment offers life sciences products, veterinary instruments and consumables, animal care products, biosecurity products (including insect control), and genomics services. The company operates in over 140 countries and serves food producers, processors, and animal health customers worldwide. Neogen acquired 3M's Food Safety business and is in the process of transitioning Petrifilm manufacturing to its own facilities. The company is also in the process of divesting its global Genomics business to Zoetis Inc. Updated
Neogen raised full-year revenue guidance to $885 million to $890 million after beating on both lines, so anyone waiting on the sidelines is missing the turn. The Zoetis genomics sale is still set to close by December.
Neogen reports at 6:10 PM ET, with only three analysts covering a $2.8 billion food safety and animal diagnostics name against consensus of $0.0533 EPS on $208.18 million in revenue. The last three quarters all topped estimates, most recently by 167%, so thin coverage plus a penny-level bar leaves room for a sharp reaction.
Next week's 25 reports arrive before the big banks do, with Tuesday the heaviest: Lamb Weston before the open, then Constellation Brands after the close for a read on beer and spirits demand. Levi Strauss and Applied Digital follow Wednesday, pairing the apparel consumer with data center buildout spending.
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Neogen Corporation develops and markets comprehensive solutions for food safety, livestock, and pet health & wellness.
24/7 Wall St.'s 12-month price target for NEOG is $15.45, rated Buy. The Wall Street consensus target is $14.00. NEOG price prediction →
