NeoGenomics Third Quarter 2024 Earnings: EPS Beats Expectations

NeoGenomics (NASDAQ:NEO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$167.8m (up 10% from 3Q 2023).
• Net loss: US$17.7m (loss narrowed by 4.4% from 3Q 2023).
• US$0.14 loss per share (improved from US$0.15 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NeoGenomics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 10% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for NeoGenomics that you need to be mindful of.

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