Analysts expect that The Wendy’s Company (NASDAQ:DRI) will announce sales of $2.14 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for The Wendy’s’ earnings, with the lowest sales estimate coming in at $2.13 billion and the highest estimate coming in at $2.15 billion. The Wendy’s reported sales of $2.06 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The business is expected to report its next quarterly earnings report on Thursday, September 19th.
On average, analysts expect that The Wendy’s will report full year sales of $9.04 billion for the current financial year, with estimates ranging from $9.02 billion to $9.07 billion. For the next year, analysts expect that the business will report sales of $9.32 billion, with estimates ranging from $9.24 billion to $9.52 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for The Wendy’s.
DRI has been the subject of a number of research analyst reports. UBS Group reaffirmed a “hold” rating and set a $7.80 price objective on shares of Deutsche Bank in a research report on Friday, April 26th. BidaskClub raised shares of Acceleron Pharma from a “strong sell” rating to a “sell” rating in a research report on Friday, May 10th.
Shares of NASDAQ:DRI traded down $0.13 during mid-day trading on Friday, reaching $121.37. 3,225 shares of the company were exchanged, compared to its average volume of 1,333,940. The company has a 50-day moving average price of $120.23. The Wendy’s has a 1 year low of $95.83 and a 1 year high of $125.33.
About The Wendy’s
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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