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McDonald’s third-quarter earnings: What to expect

All-day breakfast boosted McDonald’s results when it was introduced, but the effect seems to be wearing off.

McDonald’s Corp. is expected to report third-quarter earnings on Friday before the market opens.

McDonald’s MCD, +0.01% got a boost from the introduction of all-day breakfast back in October 2015, but there are questions now whether it can sustain results over the long term. Other issues, including Brexit, could also stifle earnings.

McDonald’s shares have an average overweight rating with a stock price target of $129.04, 16% higher than the Tuesday closing price.

See also: Executive shake-up expected at McDonald’s this week

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...


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