McDonald's Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
McDonald's Corporation (NYSE:MCD) is anticipated to report higher Q1 earnings with an expected EPS of $2.72, up from $2.63 year-over-year, and revenue of $6.16 billion, up from $5.9 billion. The company plans to repurchase all its franchises in Israel amid Middle East tensions. Shares rose 0.2% to $273.55 recently. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of maintained ratings and reduced price targets.
April 30, 2024 | 5:06 am
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McDonald's is expected to report increased Q1 earnings and revenue, plans to repurchase franchises in Israel, and has seen a slight increase in share price. Analysts have adjusted price targets with a general positive outlook.
The expected increase in Q1 earnings and revenue, combined with strategic moves like repurchasing franchises in Israel, signals a positive outlook for McDonald's. The slight increase in share price and analyst adjustments with maintained ratings but reduced price targets reflect a cautiously optimistic view on the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100