McDonald's (NYSE:MCD) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate McDonald's to report an earnings per share (EPS) of $3.19.
Investors in McDonald's are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Overview of Past Earnings
During the last quarter, the company reported an EPS missed by $0.10, leading to a 1.92% increase in the share price on the subsequent day.
Here's a look at McDonald's's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 3.07 | 2.54 | 2.82 | 2.83 |
| EPS Actual | 2.97 | 2.70 | 2.95 | 3.19 |
| Price Change % | 2.0% | 1.0% | -0.0% | 1.0% |
Performance of McDonald's Shares
Shares of McDonald's were trading at $292.61 as of October 25. Over the last 52-week period, shares are up 13.58%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for McDonald's visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
