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Kellanova (K) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Kellanova (K - Free Report) reported $3.19 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $1.01 for the same period compares to $1.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +12.22%, with the consensus EPS estimate being $0.90.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kellanova performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Reported growth
: 18% versus the three-analyst average estimate of -6.2%.
Net sales - Consolidated - Forex impact - YoY change
: -3.1% versus the three-analyst average estimate of -8.3%.
Total Reported growth - North America
: 21.2% versus the three-analyst average estimate of 0%.
Total Reported growth - Europe
: 6.4% versus the three-analyst average estimate of -3.8%.
Net sales - AMEA - Forex impact - YoY change
: -20.1% versus -35.7% estimated by three analysts on average.
Total Reported growth - Latin America
: 25.3% versus 3.9% estimated by three analysts on average.
Net sales - Latin America - Forex impact - YoY change
: 1.2% versus 0.4% estimated by three analysts on average.
Total Reported growth - Asia, Middle East and Africa (AMEA)
: -11.1% versus the three-analyst average estimate of -27.6%.
Net sales- Latin America
: $333 million versus the three-analyst average estimate of $338.75 million. The reported number represents a year-over-year change of -0.9%.
Net sales- Europe
: $639 million versus $643.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.
Net sales- North America
: $1.66 billion compared to the $1.65 billion average estimate based on three analysts. The reported number represents a change of -28.7% year over year.
Net sales- AMEA
: $564 million versus the three-analyst average estimate of $515.86 million. The reported number represents a year-over-year change of -20.8%.
Shares of Kellanova have returned +2.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Kellanova (K) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Kellanova (K - Free Report) reported $3.19 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $1.01 for the same period compares to $1.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +12.22%, with the consensus EPS estimate being $0.90.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kellanova performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Kellanova here>>>Total Reported growth
: 18% versus the three-analyst average estimate of -6.2%.Net sales - Consolidated - Forex impact - YoY change
: -3.1% versus the three-analyst average estimate of -8.3%.Total Reported growth - North America
: 21.2% versus the three-analyst average estimate of 0%.Total Reported growth - Europe
: 6.4% versus the three-analyst average estimate of -3.8%.Net sales - AMEA - Forex impact - YoY change
: -20.1% versus -35.7% estimated by three analysts on average.Total Reported growth - Latin America
: 25.3% versus 3.9% estimated by three analysts on average.Net sales - Latin America - Forex impact - YoY change
: 1.2% versus 0.4% estimated by three analysts on average.Total Reported growth - Asia, Middle East and Africa (AMEA)
: -11.1% versus the three-analyst average estimate of -27.6%.Net sales- Latin America
: $333 million versus the three-analyst average estimate of $338.75 million. The reported number represents a year-over-year change of -0.9%.Net sales- Europe
: $639 million versus $643.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.Net sales- North America
: $1.66 billion compared to the $1.65 billion average estimate based on three analysts. The reported number represents a change of -28.7% year over year.Net sales- AMEA
: $564 million versus the three-analyst average estimate of $515.86 million. The reported number represents a year-over-year change of -20.8%.Shares of Kellanova have returned +2.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.