McDonald's (MCD) will report Q1 earnings before the market opens tomorrow (7:58 last quarter). There is a conference call scheduled for 10 AM ET.

Current Capital IQ consensus calls for Q1 EPS of $1.76 (versus $1.79 last year) on revs of $4.94 bln (-4% Y/Y) with comps of 3.3%. 

Last quarter, MCD beat on EPS and reported revs in-line.

Global comp sales increased 4.4% vs 3.8% estimate, reflecting positive comparable sales across all segments. 


MCD has been grinding higher so far in 2019. MCD is currently up ~8% from where it closed following its Q4 report. 
MCD has a $150 bln market cap and trades at a forward P/E of 24x vs competitors SBUX (27x), YUM (26x) and QSR (24x)


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