Wendy's WEN reported its Q2 earnings results on Wednesday, August 10, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Wendy's beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22.
Revenue was up $44.45 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 7.0% increase in the share price the next day.
Here's a look at Wendy's's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.18 | 0.15 | 0.18 | 0.18 |
EPS Actual | 0.17 | 0.16 | 0.19 | 0.27 |
Revenue Estimate | 497.10M | 460.45M | 470.20M | 461.63M |
Revenue Actual | 488.64M | 473.20M | 470.25M | 493.34M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Wendy's management provided guidance for FY 2022, expecting earnings between $0.84 and $0.88 per share.
To track all earnings releases for Wendy's visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.