McDonald's Earnings Preview
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) is anticipated to report an EPS of $2.82 in its upcoming quarterly earnings on 2024-02-05. Historical data shows a pattern of share price movements post-earnings announcements, with a 0.78% increase after last quarter's beat. Shares are currently at $298.08, marking a 10.51% rise over the last year. Investors are advised to watch for the earnings outcome and particularly the company's guidance for future growth.
February 02, 2024 | 7:00 pm
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POSITIVE IMPACT
McDonald's is expected to report a Q4 EPS of $2.82, with historical performance indicating potential share price movement post-announcement. Shares have risen 10.51% over the past year.
Given McDonald's history of share price movements post-earnings and the positive anticipation surrounding the upcoming report, there's a high likelihood of a positive short-term impact on MCD's stock price, especially if the EPS exceeds expectations and the company provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100