Wendy’s Company to Report Q4 2023 Earnings of $0.23 Per Share, Wedbush Predicts

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Wedbush predicts that Wendy’s Company ($NASDAQ:WEN) will announce fourth quarter earnings of $0.23 per share by 2023, a significant increase from its previous quarter. The company is well established and has maintained a strong presence in the industry, particularly within the United States. The company is well-known for its iconic “Wendy’s” logo and slogan, and has become known for its high-quality products, service, and value. With its wide variety of menu items, Wendy’s Company has been able to cater to different customer needs. The company is expected to benefit from a number of factors including increased demand for fast-food restaurants in the wake of the pandemic, as well as the introduction of new menu items and promotions.

Additionally, Wendy’s Company has made a number of strategic investments in technology and digital marketing initiatives to further enhance their position in the market. This would mark a significant improvement over its previous quarter, and could be indicative of greater success for the company in the future. Investors will be watching with keen interest to see whether or not Wendy’s Company can meet these expectations.

Earnings

In its latest earnings report for the third quarter of FY2023 ending September 30 2021, WENDY’S COMPANY reported a total revenue of 470.26M USD and a net income of 41.17M USD; this represented a 11.7% decrease in total revenue and an 18.5% decrease in net income compared to the previous year. However, WENDY’S COMPANY’s total revenue has grown steadily from 470.26M USD to 550.55M USD over the last 3 years.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wendy’s Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wendy’s Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wendy’s Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Wendy’s Company are shown below. More…

Stock Price

Monday saw Wendy’s Company stock open at $19.2 and close at $19.1, a 0.9% drop from its previous closing price of 19.2. This is a noteworthy prediction, as the company has a history of strong performance in the past two quarters. Wendy’s Company’s ability to keep up with the demands of the industry and maintain a successful business will be put to the test as investors await the report of their fourth quarter earnings. Investors have high expectations for Wendy’s Company to continue to deliver impressive earnings, and the company will need to prove that it can continue to be a leader in its industry in order to keep its position among its competitors.

As the company prepares to report its fourth quarter earnings, investors are keeping a close eye on Wendy’s Company’s stock. The company’s performance will have a direct effect on its stock price, and it is expected that their fourth quarter earnings report will be an important factor in determining the future of the stock. Live Quote…

Analysis

GoodWhale has analyzed WENDY’S COMPANY‘s fundamentals and conclude that the company is a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. The company has a high health score of 8/10, which means it is capable to safely ride out any crisis without the risk of bankruptcy. Its dividend, profitability, and debt are strong; growth and asset are medium. This makes WENDY’S COMPANY an attractive investment option for investors looking for a balance of safety and returns. The company’s strong competitive advantage means that it will continue to generate solid returns for investors while also providing safety in the event of any economic downturns. In addition, the high health score provides assurance that the company is unlikely to face any financial difficulties over the long-term. More…

Peers

In the quick-service restaurant industry, the Wendy’s Co. competes with McDonald’s Corp, Chipotle Mexican Grill Inc, and Yum Brands Inc. All of these companies are trying to attract customers with fresh, high-quality food at a reasonable price. Wendy’s Co. has an advantage over its competitors because it is a smaller company and can be more nimble in its response to customer trends.

– McDonald’s Corp ($NYSE:MCD)

McDonald’s Corp has a market cap of 187.28B as of 2022, a Return on Equity of -90.17%. McDonald’s Corporation is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand. The first McDonald’s franchise using the arches logo opened in Phoenix, Arizona in 1953. Businessman Ray Kroc joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth.

– Chipotle Mexican Grill Inc ($NYSE:CMG)

Founded in 1993, Chipotle Mexican Grill is a chain of restaurants that primarily serves Mexican-style cuisine, including tacos and burritos. As of December 31, 2020, there were 2,724 Chipotle restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company has a market cap of $43.03B as of 2022 and a return on equity of 27.52%.

– Yum Brands Inc ($NYSE:YUM)

Yum Brands Inc is a publicly traded American fast food company with more than 40,000 locations in over 140 countries. The company operates the brands KFC, Pizza Hut, and Taco Bell. Yum Brands is headquartered in Louisville, Kentucky.

Yum Brands Inc has a market cap of 31.59B as of 2022. The company has a Return on Equity of -15.87%. Yum Brands Inc is a publicly traded American fast food company with more than 40,000 locations in over 140 countries. The company operates the brands KFC, Pizza Hut, and Taco Bell. Yum Brands is headquartered in Louisville, Kentucky.

Summary

Investors may consider taking a closer look at The Wendy’s Company in the next few quarters. Wedbush analysts have forecasted the company to post earnings of $0.23 per share in the fourth quarter of 2023. The Wendy’s Company has a strong presence in the quick-service restaurant industry, and its offerings could continue to draw in customers. Investors should consider researching the company’s past financial performance, growth potential, competitive landscape, and other factors to determine if it could be a worthwhile long-term investment.