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8.24062628759036E-05 8.24062628759036E-05 -0.000493613514627103 -0.000576843840131911 -0.0011536876802637 -0.0011536876802637 -0.00238978162340343 -0.00131850020601575
Stock impact report

Neogen (NEOG) Faces Macroeconomic Issues, Fierce Competition [Yahoo! Finance]

Zimmer Biomet Holdings, Inc. (ZBH) 
Last zimmer biomet holdings, inc. earnings: 2/4 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.zimmerbiomet.com
Company Research Source: Yahoo! Finance
Neogen currently carries a Zacks Rank #4 (Sell). Neogen's business continues to be impacted by the ongoing complex geopolitical situation globally, which is driving a higher-than-anticipated increase in expenses in terms of raw materials and freight. It is also likely to have broader economic impacts and security concerns, affecting the company's business in the upcoming months. Industrywide, it has been seen that the deteriorating global economic environment is reducing demand for several MedTech products, resulting in lower sales and lower product prices while increasing the cost of goods and operating expenses of the businesses of MedTech companies. Given sustained macroeconomic pressure, Neogen may struggle to keep its cost of revenues and operating expenses in check. In the fiscal third quarter, sales and marketing expenses rose 30.9% year over year. Further, Neogen faces intense competition from companies ranging from small businesses to divisions of large multinational co Show less Read more
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