Wendy's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Wendy's (NASDAQ:WEN)

Core Insights - Wendy's Company (NASDAQ:WEN) is set to release its third-quarter earnings results on November 7, with analysts expecting earnings of 20 cents per share, a decrease from 25 cents per share in the same period last year [1] - The consensus estimate for Wendy's quarterly revenue is $534.51 million, compared to $566.74 million reported last year [1] Earnings Performance - In the second quarter, Wendy's reported adjusted earnings per share of 29 cents, surpassing the analyst consensus estimate of 26 cents [2] - Following the earnings report, Wendy's shares fell by 2.8%, closing at $8.83 [2] Analyst Ratings and Price Targets - Stifel analyst Chris O'Cull maintained a Hold rating and reduced the price target from $12 to $11 [4] - Mizuho analyst Nick Setyan initiated coverage with an Underperform rating and a price target of $8 [4] - Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating and lowered the price target from $11 to $9 [4] - Goldman Sachs analyst Christine Cho kept a Sell rating and cut the price target from $10 to $9 [4] - Jefferies analyst Alexander Slagle maintained a Hold rating and reduced the price target from $10 to $9 [4]