Kellogg Earnings: Double-Digit Revenue Growth Boosts Shares

Kellogg Company (NYSE:K) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.15%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Kellogg Company Earnings Cheat Sheet

Results: Net income increased to $0 (67 cents per diluted share) in the quarter versus a net loss of $232 million in the year-earlier quarter.

Revenue: Rose 18.08% to $3.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kellogg Company reported adjusted net income of 67 cents per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $3.44 billion.

Quoting Management: “Kellogg Company delivered strong performance in the fourth quarter, continuing the sequential improvement we’ve seen all year,” said John Bryant, Kellogg Company’s President and CEO…

…We met our goals for full-year internal sales, operating profit and earnings per share growth and we made significant investment in future growth. In addition, the Pringles acquisition is an excellent strategic fit and provides significant opportunity in our snacks business across the globe.”

Key Stats:

Revenue decreased 4.3% from $3.72 billion in the previous quarter. Net income increased to $0 in the quarter versus a net loss of $296 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.01 to a profit $1.05. For the current year, the average estimate has moved up from a profit of $3.29 to a profit of $3.32 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials.)