Analysts Anticipate The Wendy’s Company (NASDAQ:DRI) Will Post Quarterly Sales of $2.24 Billion

Equities analysts expect The Wendy’s Company (NASDAQ:DRI) to announce sales of $2.24 billion for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for The Wendy’s’ earnings, with the highest sales estimate coming in at $2.25 billion and the lowest estimate coming in at $2.23 billion. The Wendy’s reported sales of $2.13 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The company is expected to issue its next earnings results before the market opens on Thursday, June 20th.

According to Zacks, analysts expect that The Wendy’s will report full-year sales of $8.52 billion for the current financial year, with estimates ranging from $8.49 billion to $8.53 billion. For the next financial year, analysts anticipate that the business will post sales of $9.11 billion, with estimates ranging from $9.06 billion to $9.16 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow The Wendy’s.

The Wendy’s (NASDAQ:DRI) last announced its quarterly earnings data on Thursday, March 21st. The company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.05. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion.

A number of brokerages have recently issued reports on DRI. BidaskClub cut The Wendy’s from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. UBS Group began coverage on shares of The Wendy’s in a report on Friday, April 26th. They set a “buy” rating for the company.

Shares of NASDAQ:DRI opened at $117.81 on Thursday. The Wendy’s has a 12-month low of $91.34 and a 12-month high of $125.33.

The Wendy’s Company Profile

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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