Wendy's (Nasdaq: WEN) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Wendy's revenues will grow 2.0% and EPS will grow 20.0%.

The average estimate for revenue is $659.1 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
Last quarter, Wendy's booked revenue of $603.7 million. GAAP reported sales were 1.8% higher than the prior-year quarter's $593.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.03. GAAP EPS of $0.01 for Q1 were 67% lower than the prior-year quarter's $0.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 23.7%, 50 basis points better than the prior-year quarter. Operating margin was 6.4%, 140 basis points better than the prior-year quarter. Net margin was 0.4%, 170 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.57 billion. The average EPS estimate is $0.20.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 600 members out of 743 rating the stock outperform, and 143 members rating it underperform. Among 177 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 149 give Wendy's a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wendy's is hold, with an average price target of $5.44.

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