Looking Into Kellogg's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Kellogg (NYSE:K) reported a 22.6% increase in earnings to $472 million and a 3.46% increase in sales to $3.58 billion in Q1. The company posted a Return on Capital Employed (ROCE) of 0.13% and earnings per share of $1.11, beating analyst expectations of $0.96.
May 10, 2021 | 3:19 pm
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Kellogg's Q1 earnings increased by 22.6% to $472 million, with sales rising by 3.46% to $3.58 billion. The company reported a ROCE of 0.13% and EPS of $1.11, surpassing analyst expectations of $0.96.
Kellogg's strong earnings growth and sales increase, along with beating EPS expectations, are positive indicators for the stock. The ROCE, while not high, is positive and suggests efficient capital use. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100