McDonald's Corporation Earnings Preview

The food company has turned out to be doing a positive business for quite some time now, and analysts are expecting it to score nicely in the upcoming earnings report

McDonald’s Corporation is all set to make the much talked about earnings for the third quarter of the fiscal year and analysts all around the industry are seen discussing the potential that the giant is expected to have by the end of current quarter. So far, the food company has attracted some fairly positive comments from the equity firms which are covering its stock, but there are also analysts in the same industry who believe that a lot of positivity towards the food stock might be a little too bullish. The giant has scheduled for the earnings to take place on October 22.

Analysts from Zacks have come around to have quite a bullish attitude towards McDonald’s stock, which shows in the $1.4 earnings per share that is being expected by them for the company to announce by the end of the third financial session of the year. The analysts of the financial firm believe that the food giant can actually end up reporting sales that are higher than the ones that were recorded in the last quarter. The firm ended up announcing really low same store sales last session which is one of the reasons why some analysts still believe something like that could show up once again. On the other hand, it was also informed that before the actual earnings release date approaches, analysts in the market will be keeping a close look at the way the stock moves so that changes can be made to the predictions, if it is needed.

McDonald's stock news reveals that in the last trading session, McDonald’s business went ahead to score a share price of $101.7, which showed that the giant still has a chance of living up to the bullish expectations of the analysts in the market.  Furthermore, the food company has been presented with a price target coming up to $103.28, for a period of a year by the analysts. This estimate has been given to the giant by around fourteen analysts firms, in which Zacks is one of them. Moreover, the general sentiment that the stock of the fast food company has is of serious anticipation, as more or less all the equity giants in the industry are looking towards a raise in the stock value of the food company, but still do not know which way the stock turn by the end of the third session. Previously, the firm reported an EPS of $1.26 which turned out to beat expectations of analysts.