McDonalds Corporation (NYSE:MCD) is set to announce second quarter earning results on Tuesday 28th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MCD to report 2Q20 income of $ 0.74 per share.
For the full year, analysts anticipate top line of $ 18478.80 million, while looking forward to income of $ 5.75 per share bottom line.
Previous Quarter Performance
McDonalds Corporation announced income for the first quarter of $ 1.47 per share, from the revenue of $ 4,714.00 million. The quarterly earnings contracted 14.53 percent while revenues contracted 4.44 percent compared with the same quarter last year.
Street analysts expected McDonalds Corporation to report income of $ 1.58 per share on revenue of $ 4675.08 million for the first quarter. The bottom line results missed street analysts by $ 0.11 or 6.96 percent, at the same time, top line results outshined analysts by $ 38.92 million or 0.83 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of McDonalds Corporation
Stock Performance
According to the previous trading day, closing price of MCD was $ 201.25, representing a 62.00 % increase from the 52 week low of $ 124.23 and a 9.32 % decrease over the 52 week high of $ 221.93.
The company has a market capital of $ 149.64 billion and is part of the Consumer Cyclical sector and Restaurants industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MCD” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 24th June 2020, maintained by BMO Capital Markets at Outperform rating, with $ 220.00 target price.
- On 17th June 2020, maintained by Credit Suisse Group at Outperform rating, with $ 210.00 target price.
- On 17th June 2020, maintained by Jefferies Financial Group at Buy rating, with $ 220.00 target price.
- On 17th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 200.00 target price.
- On 17th June 2020, maintained by Bank of America at Buy rating, with $ 210.00 target price.
Recent Stock Dividend Announcement
On May 22, 2020, the board of directors authorized quarterly dividend of $ 1.25 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 15, 2020 and ex-dividend date on May 29, 2020.
Conference Call
McDonalds Corporation will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.mcdonalds.com
McDonalds Corporation operates and franchises McDonalds restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of March 31, 2019, the company operated 37,971 restaurants, including 35,278 franchised restaurants.
