Yahoo Finance Here's Why Wendy's (WEN) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Wendy's (WEN)
The Wendy's Company, the world’s third-largest quick-service restaurant company, operates through its subsidiary holding company — Wendy’s Restaurants, LLC. The fast-food chain through its subsidiary operates as a franchisor of Wendy's restaurant system. As of Mar 31, 2024, Wendy's had 7,248 restaurants comprising both franchisees and company-operated restaurants in the United States and its territories and 32 other countries.
WEN boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 3.1% year-over-year for 2024, while Wall Street anticipates its top line to improve by 3.2%.
Six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1 per share for 2024. WEN boasts an average earnings surprise of 1.2%.
Looking at cash flow, Wendy's is expected to report cash flow growth of 10.1% this year; WEN has generated cash flow growth of 5.4% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WEN should be on investors' short lists.
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The Wendy's Company (WEN) : Free Stock Analysis Report
