Kellogg Company K’s stock is trading slightly higher on Monday afternoon, as the company gets ready to report its first quarter financial results on Tuesday morning, before the bell.
Crowdsourced site Estimize provides an idea of what to expect. It seems like the crowd’s and experts’ expectations are quite in line: Wall Street models EPS of $0.92 on revenue of $3.547 billion, while Main Street projects EPS of $0.94 on revenue of $3.553 billion.
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Both of these estimates imply a small (but not insignificant) decline from the earnings posted in the first quarter of 2014, which came in at $1.01 per share, but an increase from last quarter’s $0.84 per share.
The graph below shows Kellogg’s history of actual earnings versus estimates.
As it can be seen, the company tends to report earnings in line with or above consensus. However, this was not the case in the latest quarter, when it missed estimates by $0.08.
It is also possible to see how the Street’s outlook has evolved over time.
As evidenced by the chart above, Wall Street analysts’ expectations fell substantially between late-January and late-February. They then stabilized around current figures. The crowd weighed in just recently.
What Analysts Are Saying
In a recent report, analysts at Stifel took a look at food stocks and provided an updated outlook for the group. For Kellogg, they anticipate earnings “a penny or so off from consensus.”
Related Link: Stifel's Top Food Stocks
A Zacks article adds that “Kellogg is witnessing soft sales in its cereal business in developed markets as well as in the U.S. snacks business.” The analysts consider that there is no conclusive evidence to believe that the company will beat estimates this quarter.
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