Kellogg K reported its Q1 earnings results on Thursday, May 4, 2023 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Kellogg beat estimated earnings by 11.11%, reporting an EPS of $1.1 versus an estimate of $0.99.
Revenue was up $381.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 0.83% increase in the share price the next day.
Here's a look at Kellogg's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.84 | 0.97 | 1.05 | 0.93 |
EPS Actual | 0.94 | 1.01 | 1.18 | 1.10 |
Revenue Estimate | 3.66B | 3.77B | 3.64B | 3.59B |
Revenue Actual | 3.83B | 3.95B | 3.86B | 3.67B |
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 FY 2023, expecting earnings between $4.25 and $4.34 per share.
To track all earnings releases for Kellogg visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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