Wendy's (NASDAQ:WEN) reported its Q1 earnings results on Wednesday, May 11, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Wendy's missed estimated earnings by 5.56%, reporting an EPS of $0.17 versus an estimate of $0.18.
Revenue was up $28.44 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.13% drop in the share price the next day.
Here's a look at Wendy's's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.15 | 0.18 | 0.18 | 0.14 |
| EPS Actual | 0.16 | 0.19 | 0.27 | 0.20 |
| Revenue Estimate | 460.45M | 470.20M | 461.63M | 444.31M |
| Revenue Actual | 473.20M | 470.25M | 493.34M | 460.20M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Wendy's management provided guidance for FY 2022, expecting earnings between $0.82 and $0.86 per share.
To track all earnings releases for Wendy's visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
