McDonald's Q3 Earnings Preview: Stock Shows Bearish Signals, But Long-Term Strength Still Holds
Portfolio Pulse from Surbhi Jain
McDonald's is set to report its Q3 earnings with expected EPS of $3.20 and revenues of $6.82 billion. Despite a recent E. coli outbreak and pricing concerns, analysts expect minimal impact on the stock. The stock shows bearish signals, trading below key moving averages, but long-term strength remains. Analysts have a Buy rating with a price target of $318.31, though recent ratings suggest a downside.
October 28, 2024 | 4:15 pm
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McDonald's is facing bearish signals ahead of its Q3 earnings, with its stock trading below key moving averages. Despite an E. coli outbreak, analysts expect minimal impact. The stock has a Buy rating with a price target of $318.31, but recent ratings suggest a downside.
The stock is trading below its short-term moving averages, indicating bearish sentiment. The E. coli outbreak adds uncertainty, but analysts expect minimal impact. The long-term trend remains strong, trading above the 200-day SMA. Analysts' recent ratings suggest a potential downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100