Published on 1 May 2024 on Zacks via Yahoo Finance
As Kellanova K prepares to announce its first-quarter 2024 results on May 2 before market open, investors face a pivotal moment, evaluating the company's trajectory amid a challenging operational landscape. With quarterly projections indicating a year-over-year decline in both revenue and bottom-line figures, it might be prudent for investors to approach Kellanova with caution before the impending release.Analysts' expectations for Kellanova’s upcoming release paint a rather dull picture. The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.16 billion, which suggests a slump of 21.9% from the prior year’s levels. Although the consensus mark for quarterly earnings has risen by a penny in the past 30 days to 85 cents per share, it indicates a 22.7% fall from the year-ago quarter’s reported figure.As Kellanova prepares to unveil its first-quarter earnings, a closer look reveals a mix of optimism, albeit with several underlying challenges. While the company's leadership emphasizes a focused and growth-oriented strategy, there are a few key points of concern that investors should consider. These include pricing pressures, slowing growth in certain categories, cost inflation, volatile currency movements and broader economic uncertainties.
Kellanova Price, Consensus and EPS Surprise
Kellanova price-consensus-eps-surprise-chart | Kellanova Quote