Earnings Preview: Kellogg

| About: Kellogg Company (K)

Kellogg (NYSE:K) is expected to report Q4 earnings before the market open on Thursday, February 4, with a conference call scheduled for 9:30 am ET.


The consensus estimate is 49c for EPS and $2.94B for revenue. The consensus range is 44c-57c for EPS, and $2.81B-$3.09B for revenue, according to First Call. When it reported Q3 results in October, Kellogg raised its FY09 EPS growth rate to 10%-12% from 8%-10% and re-affirmed its FY09 internal sales growth guidance of 3%-4%. The company also gave FY10 EPS growth guidance of 10%-12% and internal net sales growth guidance of 2%-3%.

Analyst Views

On January 15, Kellogg was upgraded to Buy from Neutral at BofA/Merrill, as it believes Kellogg is best positioned to grow volumes, earnings, and margins in 2010. The firm also raised its price target on Kellogg to $62 from $55. Over the last three months, Kellogg's stock is up 7.8%, to over $55 a share.

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Tagged: , Processed & Packaged Goods, Earnings
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