* Wendys Co reported quarterly adjusted earnings of 23 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 20 cents to 23 cents per share.
* Revenue rose 1.1% to $534.75 million from a year ago; analysts expected $540.76 million.
* Wendys Co's reported EPS for the quarter was 20 cents.
* The company reported quarterly net income of $41.99 million.
* Wendys Co shares had risen by 4.1% this quarter and gained 0.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 11.2% in the last three months.
* In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 21 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the restaurants & bars peer group is also "hold"
Wall Street's median 12-month price target for Wendys Co is $20.00 This summary was machine generated from LSEG data May 2 at 08:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.21 0.23 Beat
Dec. 31 2023 0.23 0.21 Missed
Sep. 30 2023 0.27
Jun. 30 2023 0.27 0.28 Beat
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