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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 ...