Kellogg (NYSE: K ) is expected to report Q3 earnings on Nov. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Kellogg's revenues will grow 11.3% and EPS will wither 0.0%.
The average estimate for revenue is $3.68 billion. On the bottom line, the average EPS estimate is $0.80.
Last quarter, Kellogg booked revenue of $3.47 billion. GAAP reported sales were 2.6% higher than the prior-year quarter's $3.39 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.93. GAAP EPS of $0.84 for Q2 were 11% lower than the prior-year quarter's $0.94 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.7%, 190 basis points worse than the prior-year quarter. Operating margin was 14.9%, 110 basis points worse than the prior-year quarter. Net margin was 8.7%, 140 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $14.03 billion. The average EPS estimate is $3.35.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 881 members out of 964 rating the stock outperform, and 83 members rating it underperform. Among 300 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 283 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 $53.09.
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