Shares of Neogen Corp (NEOG) experienced a sharp decline in pre-market trading on Wednesday, plunging 14.63% ahead of the company's scheduled third-quarter earnings report. The significant drop suggests that investors are bracing for potentially disappointing results from the food and animal safety products manufacturer.

According to the earnings calendar, Neogen is set to release its Q3 financial results at 7:00 AM today. Analysts' consensus estimate points to a loss of $0.02 per share for the quarter, indicating challenges in the company's recent performance. The pre-market sell-off implies that some traders may be anticipating even worse results than the already negative forecast.

While the exact reasons for the market's pessimism remain unclear until the official earnings release, the magnitude of the pre-market plunge highlights the importance of this upcoming report for Neogen's near-term stock performance. Investors will be closely watching for any guidance or commentary from management regarding the company's future outlook and strategies to return to profitability.