Wendy’s Stock Up After Q2 Earnings, Will It Continue?

August 16th, 2021 by Trefis Team
WEN: The Wendy's logo
WEN
The Wendy's

Wendy’s stock (NASDAQ: WEN) rose by 6.4% to $24 in the last twenty-one trading days. In comparison, the broader S&P500 rose by 2.6% over the last twenty-one trading days. The stock price rose after Q2 2021 (ended July 4, 2021) results, where the company beat consensus revenues and earnings. For Q2 2021, the company posted revenues of $493 million, up 22.6% y-o-y while earnings were recorded at $0.30 compared to $0.11 in the same quarter of the previous year. Now, is WEN stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 53% chance of a near term rise in WEN stock over the next month (twenty-one trading days). See our analysis on Wendy’s Stock Chances Of Rise for more details.

Five Days: WEN 6.6%, vs. S&P500 0.8%; Outperformed market

(5% event probability)

  • Wendy’s stock rose 6.6% over a five day trading period ending 8/13/2021, compared to the broader market (S&P500) which rose 0.5%
  • A change of 6.6% or more over five trading days has a 5% event probability, which has occurred 117 times out of 2518 in the last ten years
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Ten Days: WEN 2.1%, vs. S&P500 1.7%; Outperformed market

(38% event probability)

  • Wendy’s stock rose 2.1% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 1.7%
  • A change of 2.1% or more over ten trading days has a 38% event probability, which has occurred 945 times out of 2518 in the last ten years

Twenty-One Days: WEN 6.4%, vs. S&P500 2.6%; Outperformed market

(25% event probability)

  • Wendy’s stock rose 6.4% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 2.6%
  • A change of 6.4% or more over twenty-one trading days has a 25% event probability, which has occurred 617 times out of 2517 in the last ten years

 

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