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NeoGenomics Earnings Analysis: Q1 Recap

The Q1 earnings report for NeoGenomics (NASDAQ:NEO) was released on Tuesday, April 30, 2024 at 07:30 AM. Here's what investors need to know about the latest announcement. Earnings NeoGenomics beat estimated earnings by 60.0%, reporting an EPS of $-0.02 versus an estimate of $-0.05. Revenue was up $19.02 million from the same period last year. Analysis of Past Earnings Last quarter the company beat on EPS by $0.05 which was followed by a 12.0% increase in the share price the next day. Here's a look at NeoGenomics's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate -0.05 -0.02 -0.08 -0.11 -0.15 EPS Actual -0.02 0.03 0 -0.05 -0.09 Revenue Estimate 149.89M 152.54M 142.00M 137.42M 126.39M Revenue Actual 156.24M 155.55M 151.95M 146.92M 137.22M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance NeoGenomics management provided guidance for FY 2024, expecting earnings between $0.0 and ...