Countdown to Kellanova (K) Q2 Earnings: Wall Street Forecasts for Key Metrics

Core Viewpoint - Analysts forecast that Kellanova (K) will report quarterly earnings of $0.90 per share, indicating a year-over-year decline of 28%, with revenues expected to be $3.15 billion, reflecting a decline of 22.1% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Estimates - The consensus estimate for 'Net sales - Europe' is $643.34 million, showing a decline of 3.8% year-over-year [5]. - 'Net sales - North America' is projected to reach $1.65 billion, reflecting a significant decline of 29.2% from the year-ago quarter [5]. - 'Net sales - AMEA' is expected to be $515.86 million, indicating a year-over-year decline of 27.6% [5]. - 'Net sales - Latin America' is estimated at $338.75 million, suggesting a slight increase of 0.8% year-over-year [9]. Price/Mix Impact - Analysts estimate that 'Net sales - Consolidated - price/mix impact - YoY change' will be 6.5%, down from 14.7% in the previous year [6]. - The 'Net sales - Latin America - Price/mix impact - YoY change' is expected to be 4.7%, compared to 19.5% last year [7]. - The estimate for 'Net sales - North America - Price/mix impact - YoY change' is 1.0%, down from 14.4% year-over-year [10]. - 'Net sales - Europe - Price/mix impact - YoY change' is projected at 5.8%, a decrease from 14.3% in the previous year [13]. - 'Net sales - AMEA - Price/mix impact - YoY change' is forecasted to be 20.7%, up from 17.2% last year [14]. Total Reported Growth - The consensus among analysts suggests that 'Total Reported growth' will likely reach -6.2%, contrasting with a growth of 4.6% in the same quarter last year [12]. - 'Total Reported growth - North America' is expected to be 0.0%, compared to 3.4% reported in the same quarter last year [8]. Stock Performance - Kellanova shares have experienced a change of +0.7% in the past month, compared to a +0.1% move of the Zacks S&P 500 composite [9].