$2.24 Billion in Sales Expected for The Wendy’s Company (NASDAQ:DRI) This Quarter

Equities analysts forecast that The Wendy’s Company (NASDAQ:DRI) will report sales of $2.24 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for The Wendy’s’ earnings. The lowest sales estimate is $2.23 billion and the highest is $2.25 billion. The Wendy’s reported sales of $2.13 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, June 20th.

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

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

Several research analysts have issued reports on DRI shares. UBS Group started coverage on The Wendy’s in a research report on Friday, April 26th. They issued a “buy” rating on the stock. BidaskClub raised The Wendy’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

Shares of NASDAQ:DRI opened at $119.68 on Thursday. The Wendy’s has a 52-week low of $91.34 and a 52-week 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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