Strength Seen in Wendy's (WEN): Can Its 6.0% Jump Turn into More Strength?

This hamburger chain is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -3.7%. Revenues are expected to be $557.59 million, down 2.3% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. Wendy's (WEN) shares soared 6% in t ...