Earnings Preview: What To Expect From McDonald’s On Tuesday
McDonald’s Corporation MCD is scheduled to report earnings before Tuesday’s open. The stock hit a record high of $221.93/share in 2019 and is currently trading near $200/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
McDonald’s is expected to report earnings of $0.76/share on $3.25 billion in revenue. Meanwhile, the so-called Whisper number is $0.73. The Whisper number is the Street’s unofficial view on earnings.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald’s Corporation was founded in 1940 and is based in Chicago, Illinois.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.