Investors of all ages and experience levels aim to make the most of the stock market with confidence. The Zacks Style Scores offer guidance by rating stocks based on value, growth, and momentum strategies. By using these scores, investors can identify stocks that align with their portfolio goals and have the potential to outperform the market in the long run.
For growth-oriented investors, like those interested in Wendy’s (WEN), the focus is on a company’s future prospects and financial strength. Wendy’s, the third-largest quick-service restaurant company globally, operates through its subsidiary Wendy’s Restaurants, LLC. With a Growth Style Score of B and a VGM Score of A, Wendy’s holds a Zacks Rank #3 (Hold) rating. Analysts project a 3.1% increase in bottom-line earnings for 2024 and a 3.2% improvement in top-line revenue.
Over the past 60 days, five analysts have revised their earnings estimates upwards for Wendy’s, leading to a Zacks Consensus Estimate of $1 per share for 2024. The company has a history of delivering an average earnings surprise of 1.2%. Wendy’s has shown cash flow growth of 5.4% historically and is expected to report a 10.1% expansion in cash flow this year.
With strong fundamentals, a favorable Zacks Rank, and impressive Growth and VGM Style Scores, Wendy’s is a stock worth considering for investors’ portfolios.