$2.14 Billion in Sales Expected for The Wendy’s Company (NASDAQ:DRI) This Quarter
Brokerages predict that The Wendy’s Company (NASDAQ:DRI) will announce sales of $2.14 billion for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for The Wendy’s’ earnings, with the lowest sales estimate coming in at $2.13 billion and the highest estimate coming in at $2.15 billion. The Wendy’s reported sales of $2.06 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The company is expected to announce its next quarterly earnings report on Thursday, September 19th.
On average, analysts expect that The Wendy’s will report full-year sales of $9.04 billion for the current fiscal year, with estimates ranging from $9.02 billion to $9.07 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.32 billion, with estimates ranging from $9.24 billion to $9.52 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow The Wendy’s.
DRI has been the subject of a number of research analyst reports. UBS Group restated a “hold” rating and issued a $7.80 target price on shares of Deutsche Bank in a report on Friday, April 26th. BidaskClub upgraded Acceleron Pharma from a “strong sell” rating to a “sell” rating in a report on Friday, May 10th.
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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