Several brokerages from Wall Street have predicted that the stocks of MCD would be posting an EPS of $2.11 for this quarter. According to a report, twelve investment analysts have already provided estimates into the earnings of the company, with the highest EPS coming in at $2.26, and the lowest coming in at $1.93. The company did post an EPS of $0.66 for the quarter, which is indicative of an annual growth rate of about 219.7%. The company will be posting its quarterly results on the 27th of July.
The Quarterly Reports Of MCD
MCD previously updated its quarterly results on the 29th of April. The EPS reported by the company during this period was $1.92 which was more than the consensus estimate of $1.81. The return of equity for the company during this period was -53.62%, with a 25.60% net margin. The revenue generated by the company during this period was $5.12 billion, with the consensus estimate coming to $5.02 billion.
There have been quite a few research equities that have commented on the stocks of MCD. UBS Group has already increased the price target of the company from $240 to $255 with a rating of buy in a 22nd April research report. JPMorgan Chase & Co has also increased the price target to $245 with a rating of overweight in a 19th April research report.
Piper Sandler has also increased the price target of the company to $225 with a rating of neutral in a 12tn April research report. Jefferies Financial has also put up a rating of buy with a price target of $265 in a 12th April research note.
Eight of the investment analysts have already provided the company with a rating of hold, while twenty-four of them have given the company a rating of buy. Currently, MCD has a buy rating with a $242.37 price target.
