Kellogg Company Earnings Preview: Analysts Expect Rising Revenue, Falling EPS
Kellogg Company (NYSE: K) announces its next round of earnings this Thursday, November 3, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.
Earnings and Revenue:
Wall Street expects an EPS of 89 cents/share and revenues of $3.41 billion. Kellogg Company's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 90 cents/share on revenues of $3.16 billion. We'll have to wait for Thursday to see if the company reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.91 | $1.04 | $0.51 | $0.90 |
| EPS Actual | $0.94 | $1.00 | $0.51 | $0.90 |
Stock Performance:
At last check, shares of Kellogg Company were trading at $54.78. Shares are up 9.7% year to date. For a full 12 months, the return has risen by 5.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts is a Moderate Buy. The strength of this rating has declined slightly over the past three months.
Competitors:
Wondering how Kellogg Company compares to rivals in the same sector? Here are a few of the company's peers.
- Flowers Foods (NYSE: FLO): Hold with a $0.23 recent quarter EPS
- General Mills (NYSE: GIS): Moderate Buy with a $0.64 recent quarter EPS
- Hain Celestial Group (NASDAQ: HAIN): Moderate Buy with a $0.35 recent quarter EPS
- Kraft Foods (NYSE: KFT): Moderate Buy with a $0.62 recent quarter EPS
Kellogg Company is in the food-miscellaneous/diversified industry, which has experienced price/earnings growth of 4.2%.
Finally, a description of the company's main areas of operation: Kellogg, with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods, including cookies, crackers, and toaster pastries.
Take Action:
That's your advanced look at Kellogg Company's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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