McDonald’s Corp. is expected to report third-quarter earnings on Friday before the market opens.
McDonald’s shares have an average overweight rating with a stock price target of $129.04, 16% higher than the Tuesday closing price.
Here’s what to expect:
Earnings: Analysts surveyed by FactSet expect earnings per share of $1.48, up from $1.40 for the same period last year.
Analysts polled by Estimize, a software platform that crowdsources estimates from buy-side analysts, hedge-fund managers, academics and others, is expecting $1.50 per share.
Revenue: Analysts polled by FactSet expect revenue of $6.28 billion, down from $6.62 billion for the same period last year.
Analysts polled by Estimize expect revenue of $6.3 billion.
Share price: McDonald’s shares are down 5.8% for the year so far while the S&P 500...