Kellogg Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kellogg Company (NYSE:K) will unveil its latest earnings on Thursday, February 2, 2012. Kellogg, with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods, including cookies, crackers, and toaster pastries.

Kellogg Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 63 cents per share, a rise of 23.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 64 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 63 cents during the last month. Analysts are projecting profit to rise by 0.9% versus last year to $3.37.

Past Earnings Performance: Last quarter, the company fell short of estimates by 3 cents, coming in at net income of 80 cents per share against a mean estimate of profit of 89 cents. The company topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.5% in revenue from the year-earlier quarter to $2.99 billion.

Analyst Ratings: Analysts seem relatively indifferent about Kellogg Company with 11 of 19 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 14.2% to $290 million (80 cents a share) from $338 million (90 cents a share) the year earlier, missing analyst expectations. Revenue rose 4.9% to $3.31 billion from $3.16 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 10.6% in the second quarter from the year earlier and 5% in the first quarter.

The decrease in profit in the third quarter came after net income rose in the previous quarter. In the second quarter, net income rose 13.6%.

Competitors to Watch: Ralcorp Holdings, Inc. (NYSE:RAH), General Mills, Inc. (NYSE:GIS), Kraft Foods Inc. (NYSE:KFT), Flowers Foods, Inc. (NYSE:FLO), The Hain Celestial Group, Inc. (NASDAQ:HAIN), PepsiCo, Inc. (NYSE:PEP) and TreeHouse Foods Inc. (NYSE:THS).

Stock Price Performance: During October 31, 2011 to January 27, 2012, the stock price had fallen $4 (-7.4%) from $53.73 to $49.73. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 2.3% (+$1.25) over that span. It saw one of its worst periods between July 28, 2011 and August 4, 2011 when shares fell for six-straight days, falling 6.1% (-$3.36) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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