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McDonald’s (McD) Before the market is opened, the first quarter earnings are set to report on Thursday. Wall Street expects the American Fast Food Giant to show signs of stabilization after a spaced performance in the fourth quarter Uncomfortable consumers face the level of high economic uncertainty.
Here are the forecasts of Wall Street analysts for the assessments of Bloomberg consensus.
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Adjustable savings on a share: $ 2.68 – $ 2.70 in 2024
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Income: $ 6.12 Billion and $ 6.17 Billion Q1 2024
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Sales increase in the same store: 0.8% – 1.9% in 2024
In February, McDonald’s said the fourth quarter earnings missing the Wall Street’s assessments The company is on sale and a E. Coli Opbreak.
Sales of the same store in the United States fell by 1.4% on December 31; Income was modest for 6.28% of the previous year to $ 6.39 billion, and the price of $ 2.80 per share is worth $ 2.84.
The results marked the low point in the last date of the deadline, “Citi Analyst Jon Tower.
McDonald’s tried to remove competition by submitting new deals In the last year, customers looked at the money to save money and save the value offers of competitors. The last summer includes a 5-dollar meal deal and the company’s McValue menu in January. Analysts said the results of the proposals of the chain will not be shown until the second half of the year.
However, this year is so far over the shareholder – over 8% compared to the drop-5% of the S & P 500 (^ GSPC) – Investors are optimistic that the results will be kept in what is becoming an increasingly difficult consumer environment.
Read more about McDonald’s Stock movements and today’s market movements.
“Consumer expenditure pressure is most likely to earn 1Q earnings, and 1Q, which is placed in order to improve the 2nd degree sales trajectory,” UBS Analyst Dennis Geiger, noted April 23 to investors. Geiger holds a purchasing rating in stock.
Geiger said that “’08 -’09 in the recession, the elevation, which demonstrates the advantage of and in an acceptable spending environment, noted in a prominent spending environment.”
“Among a complex macro environment among consumer behavior and ongoing geopolitical uncertainties, including continuous cash generation, including continuous cash generation, including steady money generations and branded money, and marked the purchase rating, noted the acquisition rating.
