The Wendys Company (NASDAQ:WEN) operates as a quick-service restaurant firm, is expected to report third quarter earnings results, before market open, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.17 per share.
Looking ahead, the full year income are expected at $ 0.55 per share on the revenues of $ 1734.31 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.60 ~ $ 0.62 per share
Click Here For More Historical Outlooks Of The Wendys Company
Previous Quarter Performance
The Wendys Company recorded income for the second quarter of $ 0.12 per share, from the revenue of $ 402.31 million. The quarterly earnings down 33.33 percent while revenues reduced 7.59 percent compared with the same quarter last year.
According to street consensus, WEN was expected to report 2Q20 income of $ 0.11 per share from revenue of $ 409.41 million. The bottom line results beat street analysts by $ 0.01 or 9.09 percent, at the same time, top line results fell short of analysts by $ 7.1 million or 1.73 percent.
Stock Performance
Shares of The Wendys Company traded up $ 1.00 or 4.52 percent on Tuesday, reaching $ 23.14 with volume of 4.25 million shares. The Wendys Company has traded high as $ 23.35 and has cracked $ 22.20 on the downward trend
According to the previous trading day, closing price of $ 23.14, representing a 224.63 % increase from the 52 week low of $ 6.82 and a 11.12 % decrease over the 52 week high of $ 24.91.
The company has a market capital of $ 5.18 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 25.00 target price.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Conference Call
The Wendys Company will be hosting a conference call at 8:30 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wendys.com
The Wendys Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
