McDonald's Corporation (MCD) is scheduled to report fourth-quarter 2023 results on Feb 5, before the opening bell. In the last reported quarter, the company delivered earnings surprise of 6.3%.How Are Estimates Placed?The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $2.81 per share, indicating growth of 8.5% from $2.59 reported in the year-ago quarter. For revenues, the consensus mark is pegged at $6.47 billion. The metric suggests growth of 9.2% from the year-ago quarter’s figure.Let's ...

The upcoming report from McDonald's (MCD) is expected to reveal quarterly earnings of $2.82 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $6.47 billion, representing an increase of 9.2% year over year.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Pr ...

McDonald's (MCD) closed at $294.65 in the latest trading session, marking a +0.8% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.06% for the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.The world's biggest hamburger chain's stock has dropped by 1.42% in the past month, falling short of the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.Investors will be eagerly watching for the ...

Wall Street expects a year-over-year increase in earnings on higher revenues when McDonald's (MCD) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 5, 2024, might help the stock move higher if these key numbers are better than ex ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about McDonald's (MCD) .McDonald's currently has an average brokerage recommenda ...

CosMc’s, the drive-thru-only concept McDonald’s debuted just outside of Chicago last month, saw more than double the amount of traffic than a typical Golden Arches restaurant chainwide in December 2023, according to recent data.Per figures reported by business insights platform Placer.ai, CosMc’s also experienced more than triple the number of visitors per square foot, as the beverage-forward spinoff is smaller than the typical McDonald’s outpost, at roughly 2,500 square feet.For reference, of the roughly ...

McDonald's (MCD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this world's biggest hamburger chain have returned +2.5%, compared to the Zacks S&P 500 composite's +2.4% change. During this period, the Zacks Retail - Restaurants industry, which McDonald's falls in, has gained 0.3%. The key question now is: What could be the stock's f ...

Fast food companies have long relied on franchising (offloading the operation of stores to smaller independent business owners to collect royalty payments from those store owners) to maximize growth and profitability. But when big sweeping changes occur in the economy, major brands may have limited ability to sway how much change those franchisees make at their respective stores.The restaurant industry has been presented with new challenges in the wake of the pandemic, but new technological tools (including ...

McDonald’s Corp.’s stock rallied toward a record close Friday, its first in seven months, dismissing Wall Street concerns over declining sales and traffic in an uncertain macroeconomic environment.Wells Fargo’s Zachary Fadem said that after recent conversations with investors, he sees rising fears that the fast-food chain will miss fourth-quarter same-store sales expectations amid growing tensions in the Middle East and an increased promotional environment in the quick-service restaurant industry.Investors ...

In this articleMCDSGThe drive-thru entrance to a Salad and Go location.Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the "McDonald's of its generation."But another salad rival could beat Sweetgreen to the punch: Salad and Go.Founded in 2013, the upstart chain is nearing its publicly traded rival's store count, with more than 100 locations and counting. With backing from its owner, private equity firm Volt Investment, it ha ...