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Benzinga
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Wendy's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Wendy's earnings expected to drop to 20 cents per share. 2. Analysts forecast quarterly revenue at $534.51 million. 3. Shares fell 2.8% to close at $8.83. 4. Various analysts downgraded price targets for WEN. 5. Mizuho initiated Underperform rating with $8 target.

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FAQ

Why Bearish?

Wendy's anticipated earnings decline and multiple analyst downgrades suggest negative sentiment. Historical trends show similar downgrades often precede stock price declines.

How important is it?

The combination of expected earnings drop and analyst downgrades directly affects investor confidence.

Why Short Term?

The imminent earnings report on November 7 is likely to drive immediate reactions. Past earnings misses have led to quick sell-offs.

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