We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wendy's (WEN) Gears Up for Q3 Earnings: What's in Store?
Read MoreHide Full Article
The Wendy's Company (WEN - Free Report) is scheduled to report third-quarter 2021 results on Nov 10, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 50%.
Q3 Estimates
The Zacks Consensus Estimate for third-quarter earnings is pegged at 19 cents per share, flat year over year.
The consensus mark for revenues stands at $471.4 million, suggesting an improvement of 4.2% from the year-ago quarter.
Factors to Note
Wendy’s third-quarter performance is likely to have benefited from increased focus on menu innovation, technological upgrades and international expansion. The company’s emphasis on Breakfast daypart offerings might have contributed to growth. It has also been benefiting from its marketing efforts, high-quality offerings, repeat ordering and high customer satisfaction levels.
Robust global same-restaurant sales growth may get reflected in the to-be-reported quarter’s results. Increased customer counts and higher average checks are likely to have driven the company’s margin.
The Zacks Consensus Estimate for Franchise royalty revenue and fees is pegged at $137 million, indicating an improvement of 17.1% year over year. The consensus mark for Advertising funds revenues stands at $98 million, suggesting growth of 15.3% year over year.
Our proven model doesn’t conclusively predict an earnings beat for Wendy’s this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Wendy’s is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some other companies in the Zacks Retail and Wholesale sector, which according to our model, have the right combination of elements to post an earnings beat.
Costco Wholesale Corporation (COST - Free Report) has an Earnings ESP of + 1.00% and a Zacks Rank #2.
Jack in the Box Inc. (JACK - Free Report) has an Earnings ESP of +5.08% and a Zacks Rank #3.
DICK'S Sporting Goods, Inc. (DKS - Free Report) has an Earnings ESP of +17.35% and a Zacks Rank #3.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Wendy's (WEN) Gears Up for Q3 Earnings: What's in Store?
The Wendy's Company (WEN - Free Report) is scheduled to report third-quarter 2021 results on Nov 10, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 50%.
Q3 Estimates
The Zacks Consensus Estimate for third-quarter earnings is pegged at 19 cents per share, flat year over year.
The consensus mark for revenues stands at $471.4 million, suggesting an improvement of 4.2% from the year-ago quarter.
Factors to Note
Wendy’s third-quarter performance is likely to have benefited from increased focus on menu innovation, technological upgrades and international expansion. The company’s emphasis on Breakfast daypart offerings might have contributed to growth. It has also been benefiting from its marketing efforts, high-quality offerings, repeat ordering and high customer satisfaction levels.
Robust global same-restaurant sales growth may get reflected in the to-be-reported quarter’s results. Increased customer counts and higher average checks are likely to have driven the company’s margin.
The Zacks Consensus Estimate for Franchise royalty revenue and fees is pegged at $137 million, indicating an improvement of 17.1% year over year. The consensus mark for Advertising funds revenues stands at $98 million, suggesting growth of 15.3% year over year.
The Wendy's Company Price and EPS Surprise
The Wendy's Company price-eps-surprise | The Wendy's Company Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Wendy’s this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Wendy’s is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks With Favorable Combination
Here are some other companies in the Zacks Retail and Wholesale sector, which according to our model, have the right combination of elements to post an earnings beat.
Costco Wholesale Corporation (COST - Free Report) has an Earnings ESP of + 1.00% and a Zacks Rank #2.
Jack in the Box Inc. (JACK - Free Report) has an Earnings ESP of +5.08% and a Zacks Rank #3.
DICK'S Sporting Goods, Inc. (DKS - Free Report) has an Earnings ESP of +17.35% and a Zacks Rank #3.