Analysts Anticipate The Wendy’s Company (NASDAQ:DRI) to Post $0.02 EPS

Equities research analysts expect that The Wendy’s Company (NASDAQ:DRI) will post earnings of $0.02 per share for the current quarter, according to Zacks. Ten analysts have issued estimates for The Wendy’s’ earnings. The highest EPS estimate is $0.12 and the lowest is ($0.08). The Wendy’s posted earnings of $1.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 98.6%. The firm is scheduled to report its next earnings results on Thursday, September 17th.

On average, analysts expect that The Wendy’s will report full-year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $4.29. For the next year, analysts expect that the company will report earnings of $5.34 per share, with EPS estimates ranging from $4.20 to $6.05. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow The Wendy’s.

The Wendy’s (NASDAQ:DRI) last released its earnings results on Thursday, June 25th. The company reported ($1.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.66) by $0.42. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion.

Separately, BidaskClub cut The Wendy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th.

NASDAQ:DRI traded down $2.65 on Friday, hitting $75.90. 2,719,120 shares of the company’s stock traded hands, compared to its average volume of 3,137,628. The Wendy’s has a 1 year low of $26.15 and a 1 year high of $128.41. The firm has a 50-day moving average price of $74.67 and a 200-day moving average price of $81.93. The company has a market cap of $9.86 billion and a PE ratio of 27.11.

The Wendy’s Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

Recommended Story: How a Strangle Strategy is different from a Straddle Strategy

Get a free copy of the Zacks research report on The Wendy’s (DRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.