Kraft Foods, Inc. Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kraft Foods, Inc. (NYSE:KFT) will unveil its latest earnings on Thursday, August 4, 2011. Kraft Foods Inc. manufactures and markets packaged food products, including snacks, beverages, cheese and convenient meals. Kellogg Company Earnings Cheat Sheet: Booking a Profit Again>>

Kraft Foods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 58 cents per share, a decline of 3.3% 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 62 cents. Between one and three months ago, the average estimate moved down, but has risen from 57 cents during the last month. For the year, analysts are projecting net income of $2.23 per share, a rise of 10.4% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported profit of 52 cents per share versus a mean estimate of 47 cents. Two quarters ago, it reported net income of 46 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $13.15 billion in revenue this quarter, a rise of 7.3% from the year ago quarter. Analysts are forecasting total revenue of $53.13 billion for the year, a rise of 8% from last year’s revenue of $49.21 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

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 19.4%, 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 has now seen net income fall in each of the last three quarters. In first quarter, net income fell 57.6% from the year earlier, while the figure fell 23.9% in the fourth quarter of the last fiscal year and 8.5% in the third quarter of the last fiscal year.

Competitors to Watch: General Mills, Inc. (NYSE:GIS), J&J Snack Foods Corp. (NASDAQ:JJSF), Ralcorp Holdings, Inc. (NYSE:RAH), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Kellogg Company (NYSE:K), ConAgra Foods, Inc. (NYSE:CAG), Inventure Foods, Inc. (NASDAQ:SNAK), TreeHouse Foods Inc. (NYSE:THS), PepsiCo, Inc. (NYSE:PEP), and Golden Enterprises, Inc. (NASDAQ:GLDC).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had risen 81 cents (2.4%) from $33.57 to $34.38. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 5% (+$1.72) 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, falling 2.7% (-93 cents) over that span. Shares are up $3.42 (+11%) year to date.

(Source: Xignite Financials)

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