Kraft Foods Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kraft Foods, Inc. (NYSE:KFT) will unveil its latest earnings on Tuesday, February 21, 2012. Kraft Foods manufactures and markets packaged food products, including snacks, beverages, cheese, and convenient meals.

Kraft Foods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 57 cents per share, a rise of 23.9% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 13.4% compared to last year’s $2.29.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 58 cents per share versus a mean estimate of net income of 56 cents per share.

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Wall St. Revenue Expectations: Analysts predict a rise of 7.4% in revenue from the year-earlier quarter to $14.79 billion.

Analyst Ratings: Analysts are high on the stock, with 13 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the third quarter, profit rose 22.3% to $922 million (52 cents a share) from $754 million (43 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.5% to $13.23 billion from $11.86 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 15.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 24.9% from the year earlier quarter.

The company’s net income has increased in each of the last two quarters. In the second quarter, profit rose 4.2%.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $3.60 (10.4%), from $34.69 to $38.29. The stock price saw one of its best stretches over the last year between October 4, 2011 and October 14, 2011, when shares rose for nine straight days, increasing 7.2% (+$2.35) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six straight days, dropping 2.6% (-90 cents) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com