McDonalds (MCD) is scheduled to report Q2 earnings before the open tomorrow (and a conference call is scheduled for 11:00 am ET)
Consensus estimates Q2 adj. EPS of $1.62 (vs. $1.45 last year) on revs of $5.96 bln (-5% Y/Y).
- Estimate for Q2 comps is for +3.8%
- Operating margin to mid 40%
- Last earnings, MCD beat on EPS, comps, and revs
🍔🍟Currently, MCD shares are up more than 25% ytd🍔🍟
Analysts:
- On July 10, Deutsche Bank raised its tgt to $175 from $155
- On June 29, BTIG Research raised tgt to $175 from $165 on sales read-trhough via new payment adoptions
- On June 26, Wells Fargo raised tgt to $175 from $165
- On June 20, Cowen raised tgt to $180 from $142
- On June 13, BofA/Merrill raised tgt to $175 from $165
TECHS:
Peers: YUM, WEN, BKW, CMG, SHAK, RRGB