It's Showtime for Kellogg (K)

It's Showtime for Kellogg

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Kellogg (NYSE: K ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Kellogg's revenues will wane -0.1% and EPS will contract -10.6%.

The average estimate for revenue is $3.38 billion. On the bottom line, the average EPS estimate is $0.84.

Revenue details
Last quarter, Kellogg reported revenue of $3.44 billion. GAAP reported sales were 1.3% lower than the prior-year quarter's $3.49 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.95. GAAP EPS of $1.00 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 39.9%, 90 basis points worse than the prior-year quarter. Operating margin was 15.6%, 80 basis points worse than the prior-year quarter. Net margin was 10.4%, 10 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $14.00 billion. The average EPS estimate is $3.35.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 879 members out of 962 rating the stock outperform, and 83 members rating it underperform. Among 280 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 263 give Kellogg a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kellogg is hold, with an average price target of $55.37.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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