Wendy's WEN announces its next round of earnings this Wednesday, November 6. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
Sell-side analysts expect Wendy's EPS to be near 15 cents on sales of $434.49 million.
In the same quarter last year, Wendy's posted EPS of 17 cents on sales of $400.55 million. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 11.76%. Sales would be up 8.47% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
EPS Estimate | 0.170 | 0.110 | 0.15 | 0.15 |
EPS Actual | 0.180 | 0.140 | 0.16 | 0.17 |
Stock Performance
Over the last 52-week period, shares are up 20.94%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Wendy's stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Wendy's is scheduled to hold a conference call at 8:30 a.m. ET and can be accessed here: https://www.irwendys.com/events-and-presentations/event-details/2019/Q3-2019-The-Wendys-Company-Earnings-Conference-Call/default.aspx
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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