Wendy's Co reports results for the quarter ended March 31 - Earnings Summary

• Wendy's Co WEN.OQ reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 17 cents to 28 cents per share.

• Revenue fell 2.1% to $523.47 million from a year ago; analysts expected $558.53 million.

• Wendy's Co's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $39.23 million.

• Wendy's Co shares had fallen by 12.8% this quarter and lost 38.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 20 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is "buy."

• Wall Street's median 12-month price target for Wendy's Co is $13.00, about 23.4% above its last closing price of $9.96

This summary was machine generated from LSEG data August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)