Earnings Estimates

First Call Earnings Estimates

Fiscal Year ending: December 2009
Last Updated: November 15, 2009

Estimate	Current Qtr Dec 2009	Next Qtr Mar 2010	Current Yr Dec 2009	Next Yr Dec 2010
Average Estimate	0.49	0.99	3.18	3.61
Number of Analysts	18	9	15	20
High Estimate	0.56	1.05	3.25	3.85
Low Estimate	0.44	0.92	3.14	3.50
Year Ago EPS	0.47	0.84	2.99	3.18
P/E on Calendar Year Mean			16.80	14.80
Report Date	Feb 1, 2010
Revisions Up Last 30 Days	0	0	7	19
Revisions Down Last 30 Days	11	8	3	0

5 Year Growth Rate: 9.00 %
Mean Recommendation: 1.90 (1=Strong Buy, 3=Hold, 5=Strong Sell)

Disclaimer: Average earnings estimates are calculated by First Call based on the earnings projections made by the analysts who cover Kellogg Company. Please note that any opinions, estimates or forecasts regarding Kellogg Company's performance made by these analysts (and therefore the average estimate numbers) are theirs alone and do not represent opinions, forecasts or predictions of Kellogg Company or its management. Kellogg Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.