Kellogg Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kellogg Company (NYSE:K) will unveil its latest earnings on Thursday, November 3, 2011. 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 net income of 89 cents per share, a decline of 1.1% 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 90 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting profit of $3.48 per share, a rise of 2.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 94 cents per share against a mean estimate of profit of 91 cents per share. In the first quarter, it missed forecasts by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.41 billion in revenue this quarter, a rise of 7.9% from the year ago quarter. Analysts are forecasting total revenue of $13.28 billion for the year, a rise of 7.1% from last year’s revenue of $12.4 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, two rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit rose 13.6% to $343 million (94 cents a share) from $302 million (79 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.6% to $3.39 billion from $3.06 billion.

Key Stats:

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 0.5%. The quarter with the biggest boost was the most recent quarter, which saw a 13.6% surge.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 5%.

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), TreeHouse Foods Inc. (NYSE:THS).

Stock Price Performance: During August 4, 2011 to October 28, 2011, the stock price had risen $2.79 (5.4%) from $51.99 to $54.78. The stock price saw one of its best stretches over the last year between December 7, 2010 and December 20, 2010 when shares rose for 10-straight days, rising 5% (+$2.39) over that span. It saw one of its worst periods between January 21, 2011 and February 1, 2011 when shares fell for eight-straight days, falling 3.4% (-$1.71) over that span. Shares are up $4.85 (+9.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.