Wendy's Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

The Wendy's Company WEN is expected to report its second quarter 2023 financial results, before the opening bell on Aug. 9, 2023.

Analysts expect the company to post quarterly earnings at 27 cents per share, up from year-ago earnings of 24 cents per share. The company’s revenue might come in at $566.95 million, up from $537.78 million in the year-ago period.

Wendy's shares fell 0.5% to close at $21.73 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $24 to $23 on July 27, 2023. This analyst has an accuracy rate of 70%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $29 to $26 on July 18, 2023. This analyst has an accuracy rate of 83%.
• TD Cowen analyst Andrew Charles reiterated a Market Perform rating with a price target of $22 on June 15, 2023. This analyst has an accuracy rate of 72%.
• Credit Suisse analyst Lauren Silberman maintained a Neutral rating and increased the price target from $24 to $25 on May 11, 2023. This analyst has an accuracy rate of 76%.
• Stephens & Co. analyst Joshua Long reiterated an Overweight rating with a price target of $27 on March 2, 2023. This analyst has an accuracy rate of 71%.

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