Alert: New Earnings Report (11/8/23)-Kellogg Co (NYSE: K).


For its third fiscal quarter (ending September 30), Kellogg Co (NYSE: K) has reported a -13% decline in E.P.S. from $0.91 a year ago to $0.79 in the current quarter. This result fell short of the consensus estimate of $0.92 by $-0.13. For the latest four quarters through September 30, E.P.S. were $2.41 versus $4.38 for the same period a year ago — a decline of -45%.


Recent Price Action

Kellogg Co (NYSE: K) stock enjoyed a large increase of 2.1% on 11/8/23. The stock closed at $51.99. The stock has been weak relative to the market over the last nine months but has risen 3.0% during the last week.

Current PriceTarget Research Rating

K’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Kellogg has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Kellogg has a poor Appreciation Score of 26 and a poor Power Rating of 20, with the Lowest Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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