The Wendy's Company Sees FY24 Adj. EPS $0.98-$1.02 Vs $1.11 Estimate
Portfolio Pulse from Benzinga Newsdesk
The Wendy's Company has provided guidance for its FY24 adjusted EPS, projecting it to be in the range of $0.98-$1.02, which is below the analyst estimate of $1.11.
February 15, 2024 | 12:05 pm
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The Wendy's Company's FY24 adjusted EPS guidance is lower than analyst expectations, indicating potential challenges ahead.
The Wendy's Company's projection of its FY24 adjusted EPS being lower than the analyst estimate suggests potential operational or market challenges that could negatively impact its stock price in the short term. Investors often react negatively to earnings projections that do not meet or exceed analyst estimates, leading to a potential decrease in stock price.
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