Brokerages Expect The Wendy’s Company (NASDAQ:DRI) Will Announce Earnings of $1.06 Per Share

Equities analysts expect that The Wendy’s Company (NASDAQ:DRI) will report earnings of $1.06 per share for the current quarter, according to Zacks. Twelve analysts have made estimates for The Wendy’s’ earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.12. The Wendy’s posted earnings of $0.92 per share during the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The business is scheduled to report its next earnings results on Tuesday, December 17th.

On average, analysts expect that The Wendy’s will report full year earnings of $6.39 per share for the current year, with EPS estimates ranging from $6.30 to $6.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.79 per share, with EPS estimates ranging from $6.63 to $7.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow The Wendy’s.

DRI traded up $1.61 during trading on Friday, reaching $113.64. 31,869 shares of the company were exchanged, compared to its average volume of 1,308,319. The company has a 50-day simple moving average of $120.54. The Wendy’s has a 12-month low of $95.83 and a 12-month high of $128.41.

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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