The Wendy's Co (WEN, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $560.75 million, and the earnings are expected to come in at $0.25 per share. The full year 2024's revenue is expected to be $2.21 billion and the earnings are expected to be $0.95 per share. More detailed estimate data can be found on the Forecast page.
The Wendy's Co (WEN, Financial) Estimates Trends
Over the past 90 days, revenue estimates for The Wendy's Co (WEN) for the full year 2024 have decreased from $2.24 billion to $2.21 billion. For 2025, revenue estimates have been revised downward from $2.34 billion to $2.30 billion. Earnings estimates for the full year 2024 have remained steady at $0.95 per share. However, earnings estimates for 2025 have been adjusted from $1.07 per share to $1.05 per share.
The Wendy's Co (WEN, Financial) Reported History
In the previous quarter of 2024-06-30, The Wendy's Co's (WEN) actual revenue was $570.73 million, which missed analysts' revenue expectations of $577.37 million by -1.15%. The Wendy's Co's (WEN) actual earnings were $0.27 per share, which missed analysts' earnings expectations of $0.275 per share by -1.82%. After releasing the results, The Wendy's Co (WEN) was up by 0.18% in one day.
The Wendy's Co (WEN, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 22 analysts, the average target price for The Wendy's Co (WEN) is $19.76 with a high estimate of $26 and a low estimate of $16. The average target implies a downside of -2.56% from the current price of $20.28.
Based on GuruFocus estimates, the estimated GF Value for The Wendy's Co (WEN, Financial) in one year is $24.55, suggesting an upside of 21.06% from the current price of $20.28.
Based on the consensus recommendation from 31 brokerage firms, The Wendy's Co's (WEN, Financial) average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
