McDonald's Corp reports results for the quarter ended March 31 - Earnings Summary

• McDonald's Corp MCD.N reported quarterly adjusted earnings of $2.67​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.70. The mean expectation of twenty nine analysts for the quarter was for earnings of $2.66 per share. Wall Street expected results to range from $2.55 to $2.84 per share.

• Revenue fell 3.5% to $5.96 billion from a year ago; analysts expected $6.09 billion.

• McDonald's Corp's reported EPS for the quarter was $2.60​.

• The company reported quarterly net income of $1.87 billion.

• McDonald's Corp shares had risen by 2.3% this quarter and gained 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, thirteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for McDonald's Corp is $340.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)