Kellogg K reported its Q4 earnings results on Thursday, February 10, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
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Earnings
Kellogg beat estimated earnings by 5.06%, reporting an EPS of $0.83 versus an estimate of $0.79.
Revenue was up $43.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16, which was followed by a 0.56% drop in the share price the next day.
Here's a look at Kellogg's past performance:
Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|
EPS Estimate | 0.93 | 1.02 | 0.96 | 0.89 |
EPS Actual | 1.09 | 1.14 | 1.11 | 0.86 |
Revenue Estimate | 3.54B | 3.41B | 3.38B | 3.50B |
Revenue Actual | 3.62B | 3.56B | 3.58B | 3.46B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Kellogg management provided guidance for their next quarter, expecting earnings between $4.08 and $4.12 per share for the next quarter.
This represents a 393.98% in quarter-over-quarter growth for Kellogg, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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