Wendy's Q3 Adj EPS $0.27 Beats $0.25 Estimate, Sales $550.60M Miss $555.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's Q3 adjusted earnings per share (EPS) of $0.27 beat the analyst consensus estimate of $0.25 by 8 percent, a 12.5 percent increase from the same period last year. However, the company's quarterly sales of $550.60 million missed the analyst consensus estimate of $555.19 million by 0.83 percent, though it's a 3.39 percent increase from last year.
November 02, 2023 | 11:04 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wendy's Q3 earnings beat estimates but sales fell short. This mixed result could lead to a neutral or slightly negative short-term impact on the stock.
While Wendy's Q3 earnings beat estimates, which is generally positive for the stock, the missed sales estimate could offset this positive impact. Investors may react to the sales miss negatively, leading to a potential neutral or slightly negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100