McDonald's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
McDonald's Corporation (NYSE:MCD) is set to release its Q2 financial results on July 29. Analysts expect earnings of $3.07 per share, down from $3.17 a year ago, and revenue of $6.61 billion, up from $6.27 billion. The company declared a quarterly dividend of $1.67 per share. Recent analyst ratings have mostly maintained their ratings but lowered price targets.
July 29, 2024 | 7:25 am
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McDonald's is expected to report Q2 earnings of $3.07 per share and revenue of $6.61 billion. Analysts have mostly maintained their ratings but lowered price targets. The company declared a quarterly dividend of $1.67 per share.
The earnings expectations and revenue forecast are mixed signals. While revenue is expected to increase, earnings per share are expected to decrease. The dividend declaration is a positive sign, but the lowered price targets by analysts indicate caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100