What Analysts Think of McDonald’s Stock Ahead of Earnings | Global News Avenue

McDonald’s(MCD) The fourth-quarter earnings are expected to be released before Monday’s bell, with analysts mainly optimistic about the fast food restaurant’s stock.

Nine out of the 14 analysts covering visible alpha tracking have a “buy” or equivalent rating and five “hold” ratings. Their consensus target is about $323, indicating a 10% increase from the end of Friday.

McDonald’s is expected to report nearly 1% year-on-year growth to $6.46 billion in fourth-quarter revenue, and adjusted net income fell 3.6% to $2.06 billion, or $2.87 per share.

Analysts expect same-store sales to drop to CAP difficulties 2024

Analysts also expect Same-store sales There may also be a slight decline before the return to growth this year compared to a year ago. McDonald’s will be restricted for one year in the quarter Sales in the United States decline As the executive said Customers feel affected Inflation has withdrawn from fast food and other things.

Shifts drive McDonald’s to focus on value, Launch a $5 value meal Last summer it was extended until the end of this year until 2025. The company also added Other value-centric promotions this yearmany competitors follow suit.

Monday’s report may also show any negative Impact on sales McDonald’s is e.coli burst Connect to onion used in onion A quarter pound burger October.

McDonald’s stock has barely changed to $294.30 Friday. They did not recover from the falls experienced after the E. coli outbreak.