WK Kellogg Co reports results for the quarter ended in June - Earnings Summary

WK Kellogg Co

06/08/2024 14:51

* WK Kellogg Co  KLG.N  reported quarterly adjusted earnings
of 44
cents​​ per share for the quarter ended in June.  The mean
expectation of seven analysts for the quarter was for earnings
of 41 cents per share. Wall Street expected results to range
from 37 cents to 43 cents per share.
    * Revenue was $672.00 million​; analysts expected $672.64
million. 
    * WK Kellogg Co's reported EPS for the quarter was 36
cents​.
    * The company reported quarterly net income of $31 million.
    * WK Kellogg Co shares had risen by 5.7% this quarter and
gained 32.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for WK Kellogg Co is
$18.00 
This summary was machine generated from LSEG data August 6 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.41           0.44           Beat
 Mar. 31 2024      0.38           0.37           Missed
 Dec. 31 2023      0.21           0.18           Missed
 Sep. 30 2023      0.26           0.49           Beat