The Wendy’s Company (NASDAQ:DRI) Expected to Announce Quarterly Sales of $1.53 Billion

Brokerages expect that The Wendy’s Company (NASDAQ:DRI) will announce $1.53 billion in sales for the current quarter, Zacks reports. Ten analysts have issued estimates for The Wendy’s’ earnings. The lowest sales estimate is $1.46 billion and the highest is $1.60 billion. The Wendy’s reported sales of $2.13 billion during the same quarter last year, which would suggest a negative year over year growth rate of 28.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, September 17th.

On average, analysts expect that The Wendy’s will report full year sales of $7.51 billion for the current year, with estimates ranging from $7.17 billion to $7.88 billion. For the next year, analysts anticipate that the firm will report sales of $8.70 billion, with estimates ranging from $7.97 billion to $9.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover The Wendy’s.

The Wendy’s (NASDAQ:DRI) last announced its quarterly earnings data on Thursday, June 25th. The company reported ($1.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.66) by $0.42. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion.

Separately, BidaskClub downgraded shares of The Wendy’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th.

NASDAQ DRI traded down $2.65 during mid-day trading on Tuesday, reaching $75.90. The stock had a trading volume of 2,719,120 shares, 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 stock has a market cap of $9.86 billion and a PE ratio of 27.11. The company has a fifty day moving average price of $74.67 and a 200 day moving average price of $81.93.

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.

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