The Wendy’s Company Second Quarter Earnings Sneak Peek

The Wendy’s Company (NYSE:WEN) will unveil its latest earnings on Thursday, August 11, 2011. Wendy’s Arby’s Group Inc. is a quick service restaurant company, which is comprised of the Wendy’s and Arby’s brands, two companies distinguished by traditions of quality food and service.

The Wendy’s Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 5 cents per share, a decline of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 6 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 5 cents during the last month. For the year, analysts are projecting profit of 14 cents per share, no change from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of one cent per share versus a mean estimate of profit of 2 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $758.2 million in revenue this quarter, a decline of 13.5% from the year ago quarter. Analysts are forecasting total revenue of $2.69 billion for the year, a decline of 20.9% from last year’s revenue of $3.4 billion.

Analyst Ratings: Analysts seem relatively indifferent about Wendy’s Company with nine of 17 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 1.2% in the first quarter and fell 6.7% in the fourth quarter of the last fiscal year, 4.7% in the third quarter of the last fiscal year and 3.9% in the second quarter of the last fiscal year.

Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), ┬áNathan’s Famous, Inc. (NASDAQ:NATH).

Stock Price Performance: During July 8, 2011 to August 5, 2011, the stock price had dropped 62 cents (-11.3%) from $5.51 to $4.89. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 21, 2011 when shares rose for eight-straight days, rising 12.8% (+58 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 10, 2011 when shares fell for nine-straight days, falling 10.1% (-51 cents) over that span. Shares are up 31 cents (+6.8%) year to date.

(Source: Xignite Financials)

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