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McDonald’s Corp. (MCD - Free Report) is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.
McDonald’s comps have improved in its key regions over the last few quarters on the back of the company’s strategic efforts to boost sales. It has been focusing on menu innovation, introduction of value meals, efficient marketing and promotions, and improved service to drive top line. Meanwhile, McDonald’s is also working on a digital strategy and mobile technologies to lower costs.
However, a slowdown in emerging markets and soft industry growth has been denting sales while high costs along with negative currency translation is hurting the company’s profitability.
Investors should note that the consensus estimate for MCD has been moving slightly downwards over the last 60 days. However, MCD’s earnings have been strong over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 5.67%. Revenues also posted positive surprises in three of the trailing four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MCD beats on earnings. Our consensus earnings estimate called for earnings per share of $1.32, and the company reported earnings of $1.47 per share. Investors should note that these figures take out stock option expenses.
Revenues: MCD reported revenues of nearly $5.68 billion. This beat our consensus estimate of $5.48 billion.
Key Stats to Note: Global comps for the first-quarter 2017 grew 4% that compared favorably with 2.7% growth in the preceding quarter. All the segments posted positive comps. However, foreign currency translation hurt results.
Stock Price Impact: At the time of writing, the stock price of McDonald’s was up nearly 3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this MCD earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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McDonald's (MCD) Tops Q1 Earnings & Revenue Estimates
McDonald’s Corp. (MCD - Free Report) is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.
McDonald’s comps have improved in its key regions over the last few quarters on the back of the company’s strategic efforts to boost sales. It has been focusing on menu innovation, introduction of value meals, efficient marketing and promotions, and improved service to drive top line. Meanwhile, McDonald’s is also working on a digital strategy and mobile technologies to lower costs.
However, a slowdown in emerging markets and soft industry growth has been denting sales while high costs along with negative currency translation is hurting the company’s profitability.
Investors should note that the consensus estimate for MCD has been moving slightly downwards over the last 60 days. However, MCD’s earnings have been strong over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 5.67%. Revenues also posted positive surprises in three of the trailing four quarters.
McDonald's Corporation Price and EPS Surprise
McDonald's Corporation Price and EPS Surprise | McDonald's Corporation Quote
MCD currently has a Zacks Rank #3 (Hold) but that could change following McDonald’s earnings report which was just released. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MCD beats on earnings. Our consensus earnings estimate called for earnings per share of $1.32, and the company reported earnings of $1.47 per share. Investors should note that these figures take out stock option expenses.
Revenues: MCD reported revenues of nearly $5.68 billion. This beat our consensus estimate of $5.48 billion.
Key Stats to Note: Global comps for the first-quarter 2017 grew 4% that compared favorably with 2.7% growth in the preceding quarter. All the segments posted positive comps. However, foreign currency translation hurt results.
Stock Price Impact: At the time of writing, the stock price of McDonald’s was up nearly 3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this MCD earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>