Several brokerages from Wall Street have already expected an EPS of $1.78 for MCD the current quarter, as reported by Zacks. According to a report, thirteen investment analysts have already produced estimates into the earnings of the company, with the lowest estimate coming in at $1.41, and the highest coming in at $1.97. The EPS reported by the fast-food joint the previous year was $1.47, which was indicative of an annual growth rate of 21.1%. The company did produce its next report of quarterly earnings on the 29th of April.
The Quarterly Estimates Of MCD
The stocks of MCD previously updated their quarterly results on the 27th of January. The EPS reported by the company was $1.70 for the quarter, which missed out on the consensus by around $1.77. The net margin of the company was 25.60%, with a 53.62% negative return on their equity. The revenue of the company for the quarter was $5.31 billion, which was less than the analyst estimate of around $5.35 billion.
There have been quite a few research equities that have commented on the stocks of MCD. Stephens has already increased the price target of the company from $225 to $232 with a rating of equal weight in a 7th January research report. Robert W. Baird also ended up putting a rating of buy in a 21st February research note. Wells Fargo & Company also put up a rating of overweight in a 22nd February research report. In the end, Wedbush also came up with a rating of “outperform” with a price target of $240 in a 4th January research report.
Eight of the investment equities have given the stocks of the company a rating of hold, while twenty-three of them have given the company a rating of buy. Currently, MCD has a buy rating with a $232.70 price target.
