Shares of McDonald's have risen roughly 3% this year. The fast-food giant has a market cap of nearly $220 billion.
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McDonald’s
is expected to report its second-quarter earnings before the bell on Wednesday.
Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:
Last quarter, McDonald’s U.S. restaurants posted their steepest same-store sales decline since the onset of the Covid-19 pandemic. Executives blamed a drop in low- and middle-income diners, who have been feeling more pressure on their wallets this year.
For the most part, Wall Street analysts remained bullish on McDonald's following its fourth-quarter earnings and revenue beat.
McDonald's shares are down 11% over the past three months, but they should gain ground as the company's moves to increase sales…
Carter Worth breaks down the charts on the fast food chain.
Shares of Chipotle have tumbled 33% this year, dragging its market value down to roughly $54 billion.
Redburn Atlantic sees shares of McDonald's falling 15% from their Monday closing price.
Redburn Atlantic is the latest Wall Street shop to get more bearish on the fast-food giant.
