RPT-BUZZ-PREVIEW: McDonald's earnings likely to be buoyed by U.S. and international sales
McDonald's Corporation MCD | 305.19 | +0.65% |
Repeats Tuesday's BUZZ with no changes to text
** Shares of McDonald's MCD.N are up 0.6% to $327.43 ahead of its quarterly earnings report due before markets open on Wednesday
** Wall Street analysts expect MCD to report a ~7% gain in revenue to $6.84 billion helped by growth in sales from U.S. as well as international restaurants. Adj EPS is also seen rising ~7.6% to $3.05 vs $2.83
** MCD's EPS has met or beaten estimates five times in past eight qtrs and revenue has met or beaten estimates three times in past eight qtrs
** In September, the company reintroduced its Extra Value Meals and began working with franchisees to standardize a 15% discount on combo meals nationwide, up from the current 10% to 11%
** Among 39 analysts covering MCD, avg rating is "BUY" and median PT is $344
** MCD is up 7.1% YTD vs Dow Industrials' .DJI 4.5% rise
