The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Kellogg's revenues will increase 9.8% and EPS will grow 5.4%.
The average estimate for revenue is $3.81 billion. On the bottom line, the average EPS estimate is $0.98.
Last quarter, Kellogg notched revenue of $3.86 billion. GAAP reported sales were 12% higher than the prior-year quarter's $3.44 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 $0.99. GAAP EPS of $0.85 for Q1 were 13% lower than the prior-year quarter's $0.98 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 36.2%, 310 basis points worse than the prior-year quarter. Operating margin was 13.5%, 180 basis points worse than the prior-year quarter. Net margin was 8.1%, 210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.14 billion. The average EPS estimate is $3.84.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 871 members out of 957 rating the stock outperform, and 86 members rating it underperform. Among 293 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 275 give Kellogg a green thumbs-up, and 18 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 $60.65.
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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 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 position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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