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Kellogg (NYSE:K) is expected to report Q4 earnings before the open on Thursday, February 2, with a conference call scheduled for 9:30 am ET.

Guidance

Analysts are looking for a profit of 63c on revenue of $2.99B. The consensus range is 61c-65c for EPS, and revenue of $2.92B-$3.12B, according to First Call. In its last report, Kellogg lowered its FY11 EPS view to $3.27-$3.33 from a prior range of $3.42-$3.49, due to the impact of its poor Q3 and expected continued investments in supply chain during the remainder of the year. Consensus for full year earnings, which prior to the last earnings call were at $3.48, came in and now stand at $3.37.

Analyst Views

JPMorgan said recently in a note to investors that it expects Kellogg's earnings to disappoint over the next two years. The firm downgraded the stock and lowered its price target to $48 from $62. Previously, BMO Capital and Bernstein downgraded the stock to Market Perform, and Deutsche Bank said in a note about the industry that it expects Kellogg to struggle. The company's shares are slightly higher in afternoon trading ahead of the report, up 18c, or 0.36%, to $49.70.

Source: Earnings Preview: Kellogg