Wednesday November 9, 2022, 09:41:45
Earlier today, Wendy’s reported adjusted Q3 EPS of $0.24, coming in slightly above our $0.23 forecast and sell-side consensus (according to Consensus Metrix) of $0.23. Wendy’s targets full-year 2022 adjusted EPS of $0.84-$0.88, which by our math implies a Q4 target range of $0.19-$0.23. We stick with our $0.22 EPS estimate for Q4E; consensus as of this writing is at $0.21.
Wednesday August 10, 2022, 11:22:52
Earlier today, Wendy’s reported adjusted Q2E EPS of $0.24, matching our $0.24 forecast, and coming in above sell-side consensus (according to Consensus Metrix) of $0.22. Wendy’s bumps up its full-year 2022 adjusted EPS target range to $0.84-$0.88 (previously $0.82-$0.86).
Wednesday May 25, 2022, 11:15:10
After yesterday’s market close, Wendy’s largest shareholder — Trian Fund Management LP, which owns about 19% of WEN — disclosed that it may seek to acquire Wendy’s. That news has sent up shares of WEN by about +11% in today’s regular trading session, as of this writing. Should investors buy more stock in WEN, in this context?
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