QIAGEN N.V. QGEN stock dropped 3.4% yesterday to close at $48.79, following the company’s preliminary second-quarter 2021 release. The company also significantly trimmed its full-year earnings guidance as well as revenue outlook. The company apprehends that the rapid uptake of COVID-19 vaccination campaigns led to reduced demand for testing.Q2 Preliminary ResultsAs per the preliminary update, second-quarter net sales improved 28% (up 24% at constant exchange rate or CER) to $567.3 million. This exceededthe company’s growth expectation of about 20% at CER. The current Zacks Consensus Estimate is pegged at $551.2 million, 2.9% below the preliminary figure.According to QIAGEN, in the second quarter, currency movements had a positive impact of about four percentage points on sales at actual rates compared to the year-ago result.For the first half of 2021, preliminary net sales are $1.14 million,signifying an improvement of 39% (increase of 35% at CER).According to QIAGEN, stronger-than-expected growth trends were seen for non-COVID product groups in the second quarter. This group generated revenues of $407.6 million implying year-over-year improvement of 52% at CER and representing 72% of total sales.COVID-19 product group’s preliminary sales however declined 17% at CER to $159.7 million on lower sales across all regions and product categories. This has been the result of reduced demand for testing due to the rapid uptake of COVID-19 vaccination campaigns.Product group wise, Diagnostic solutions, PCR/Nucleic acid amplification and Genomics/ NGS preliminary sales improved 71%, 8% and 110%,respectively all at CER. Sample technologies preliminary sales however registered a 3% decline at CER.Image Source: Zacks Investment ResearchAs per the preliminary release, adjusted earnings per share (EPS) for the second quarter of 2021 are now expected in the range of 65-66 cents at CER, an improvement from the earlierprojection of 62-64 cents at CER. This also implies an increase of about 21% from 55 cents in the second quarter of 2020. The Zacks Consensus Estimate for Q2 is pegged at $62 cents.Prelim 1H21 FiguresFor the first half of 2021, preliminary non-COVID product group sales grew 37% (up 33% CER) to $771.6 million and represented 68% of total sales. COVID-19 product group’s preliminary sales for the first half were $363 million, a 38% year-over-year rise at CER.For the first half of 2021, adjusted EPS is expected to be about $1.32-$1.33 ($1.30-$1.31 at CER) compared with 89 centsin the year-agoperiod.Q3 ViewFor the third quarter, the company expects to report net sales of $483.8 million at CER. Adjusted EPS is expected to be about 52-53 cents at CER compared with 58 cents in the year-ago quarter. The Zacks Consensus Estimate for adjusted EPS is 57 cents on $561.2 million of revenues.Full-Year Outlook UpdatedFull-year net sales are now expected to grow at least 12% at CER (a significant decline from earlier outlook of CER growth of 18-20%). The Zacks Consensus Estimate of $2.27 billion implies 21.6% improvement from 2020. Adjusted EPS for 2021 is now expected to be minimum $2.42 at CER (prior outlook of about $2.42-2.46 at CER). The Zacks Consensus Estimate is pegged at $2.23.ConsideringtheJun 30, 2021 exchange rate, currency movements against the U.S. dollar are still expected to create a positive impact of about 2-3 percentage points on net sales growth at actual rates for full-year 2021. Further 2-3 cents of positive impact are expected on adjusted EPS.Share Price PerformanceThe stock has outperformed its industry over the past year. It has grown 5.2% against the industry’s 5.9% dip.Zacks Rank and Key PicksCurrently, QIAGEN carries a Zacks Rank #5 (Strong Sell).A few better-ranked stocks from the Medical-Products industry include PetIQ, Inc. PETQ, National Vision Holdings, Inc. EYE and Envista Holdings Corporation NVST.PetIQ, currently sporting a Zacks Rank #1 (Strong Buy), has a long-term earnings growth rate of 25.00%. You can see the complete list of today’s Zacks #1 Rank stocks here.National Vision Holdings, which carries a Zacks Rank #1, has a long-term earnings growth rate of 23.00%.Envista Holdings, which carries a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 26.40%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QIAGEN N.V. (QGEN): Free Stock Analysis Report PetIQ, Inc. (PETQ): Free Stock Analysis Report National Vision Holdings, Inc. (EYE): Free Stock Analysis Report Envista Holdings Corporation (NVST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research