Earnings Preview: Kellogg

 |  About: Kellogg Company (K)
by: Theflyonthewall

Kellogg (NYSE:K) is expected to report Q2 earnings before the open on Thursday, July 28, with a conference call scheduled for 9:30 am ET.


Analysts are looking for a profit of 91c on revenue of $3.29B. The consensus range is 85c-97c for EPS, and revenue of $3.16B-$3.38B, according to First Call. When it reports, Kellogg will be the latest bellwether to comment on how well it is controlling soaring ingredient and fuel costs. During the quarter, the company reaffirmed its 2011 sales growth guidance of approximately 4%, as well as its full year guidance of currency-neutral EPS growth in the low single-digits.

Analyst Views

Within the last month, analysts are mixed on the stock: DA Davidson speculated that the company's price increase likely helped preserve its margins, but probably hurt organic volume growth, while Citigroup commented that Kellogg's U.S. sales trends are accelerating, leading the firm to up its earnings estimates.