McDonald's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
McDonald's is set to release its Q3 earnings on Oct. 29, with expectations of $3.2 EPS and $6.82 billion in revenue. Recent analyst ratings show mixed sentiments, with some downgrades and a notable upgrade from Wells Fargo. The U.S. copyright office has allowed third-party repairs for McDonald's ice cream machines.
October 29, 2024 | 7:11 am
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McDonald's is expected to report Q3 earnings of $3.2 per share and $6.82 billion in revenue. Analysts have mixed ratings, with some downgrades and a notable upgrade from Wells Fargo. The U.S. copyright office has allowed third-party repairs for ice cream machines.
The upcoming earnings report and mixed analyst ratings create uncertainty in the short term. The allowance for third-party repairs could improve operational efficiency. The stock's recent price movement and analyst ratings suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100