McDonald's Analysts Increase Their Forecasts After Strong Q2 Results
Portfolio Pulse from Lisa Levin
McDonald's Corp reported better-than-expected Q2 FY23 results with sales growth of 13.6% YoY to $6.50 billion, beating the analyst consensus of $6.29 billion. Adjusted EPS of $3.17 also beat the consensus of $2.79. Following the announcement, several analysts increased their price targets on McDonald's. The company's shares rose 1.2% to close at $295.19 on Thursday, and added 0.3% in today’s pre-market trading session.
July 28, 2023 | 11:54 am
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McDonald's reported strong Q2 FY23 results, beating analyst expectations. This led to a rise in its share price and increased price targets from several analysts.
McDonald's reported better-than-expected Q2 results, which is a positive signal for investors. This led to a rise in its share price and increased price targets from several analysts, indicating a positive outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100