Kellogg K releases its next round of earnings this Wednesday. Here's Benzinga's essential guide to Kellogg's Q3 earnings report.
Earnings and Revenue
Kellogg EPS will likely be near $1.06 while revenue will be around $3.42 billion, according to analysts.
Kellogg reported a profit of $1.05 when it published results during the same quarter last year. Sales in that period totaled $3.27 billion. Sales would be up 4.49 percent from the year-ago period. Kellogg's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 1.05 | 1.08 | 0.96 | 0.94 |
EPS Actual | 1.14 | 1.19 | 0.96 | 1.05 |
Stock Performance
Over the last 52-week period, shares are up 16.64 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The most common rating from analysts on Kellogg stock is a Neutral. The strength of this rating has risen over the past three months.
Conference Call
Kellogg is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://investor.kelloggs.com/file/4133514/Index?KeyFile=1001243868
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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