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

Reuters11-09

* WK Kellogg Co 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

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