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Wendy's (WEN) Q3 Earnings Match Estimates
Wendy’sWendy’s(US:WEN) ZACKS·2024-10-31 13:20

Financial Performance - Wendy's reported quarterly earnings of $0.25 per share, matching the Zacks Consensus Estimate, but down from $0.27 per share a year ago [1] - The company posted revenues of $566.74 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 1.41% and up from $550.56 million year-over-year [2] Market Performance - Wendy's shares have increased approximately 4.3% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $555.75 million, and for the current fiscal year, it is $0.98 on revenues of $2.22 billion [7] - The trend of estimate revisions for Wendy's is mixed, which may change following the recent earnings report [6] Industry Context - The Retail - Restaurants industry, to which Wendy's belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]