Wendy's Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
The Wendy's Company (NASDAQ:WEN) is expected to report higher Q2 2023 earnings of 27 cents per share, up from 24 cents per share in the previous year. The company's revenue is projected to be $566.95 million, up from $537.78 million in the year-ago period. Wendy's shares fell 0.5% to close at $21.73 on Tuesday. Several analysts have recently adjusted their price targets for the company, with ratings ranging from Neutral to Overweight.
August 09, 2023 | 7:37 am
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Wendy's is expected to report higher Q2 2023 earnings and revenue. The stock price fell 0.5% recently. Analysts have adjusted their price targets, with ratings ranging from Neutral to Overweight.
The expected increase in earnings and revenue for Wendy's could have a positive impact on the stock. However, the recent fall in the stock price and the mixed analyst ratings may create some uncertainty. The overall impact is likely to be positive in the short term, but with some potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100