Wendy’s reported lower-than-expected growth in same-store sales, and had marginally higher earnings compared to analysts’ estimates.
The fast food restaurant chain raked in 16 cents per share for the three months ending December, beating analysts’ estimates by only a penny. It is 9 cents a share higher compared to the year-ago quarter.
Total revenues rose +3.6% year-over-year to $397.8 million in the quarter, shy of analysts’ expectation of $400 million (according to the Street). Sales in stores opened for at least 15 months increased +0.2%, below the +0.74% consensus collected by I/E/B/S Refinitiv.
For 2019, Wendy’s forecasts adjusted earnings to be the range of 61 to 66 cents per share, up from 59 cents in 2018. The projection is lower than the Street prediction of 66 cents a share.
The Moving Average Convergence Divergence (MACD) for WEN turned positive on April 09, 2024. Looking at past instances where WEN's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 15, 2024. You may want to consider a long position or call options on WEN as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
WEN moved above its 50-day moving average on April 08, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for WEN crossed bullishly above the 50-day moving average on April 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WEN advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 230 cases where WEN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
WEN broke above its upper Bollinger Band on April 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WEN's P/B Ratio (13.141) is very high in comparison to the industry average of (4.103). P/E Ratio (20.433) is within average values for comparable stocks, (55.594). Projected Growth (PEG Ratio) (1.784) is also within normal values, averaging (2.024). Dividend Yield (0.051) settles around the average of (0.035) among similar stocks. P/S Ratio (1.922) is also within normal values, averaging (3.312).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operater of fast food restaurants
Industry Restaurants