WK Kellogg Co reports results for the quarter ended September 30 - Earnings Summary

WK Kellogg Co

08/11/2024 21:00

* WK Kellogg Co  KLG.N  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 49
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 26 cents per share. Wall Street expected
results to range from 24 cents to 31 cents per share.
    * Revenue fell 0.4% to $689.00 million from a year ago;
analysts
expected $677.10 million. 
    * WK Kellogg Co's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $11 million.
    * WK Kellogg Co shares had risen by 14.8% this quarter and
gained 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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
19.00 
This summary was machine generated from LSEG data November 8 at
09:00 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
 Sep. 30 2024      0.26           0.31           Beat
 Jun. 30 2024      0.41           0.44           Beat
 Mar. 31 2024      0.38           0.37           Missed
 Dec. 31 2023      0.21           0.18           Missed