McDonald’s Corp (NYSE: MCD) has reported earnings for its first fiscal quarter (ending March 31) of $2.66 versus $2.47 for the same period a year ago — an increase of 8%. However, this result fell short of the consensus estimate of $2.95 by $-0.29. For the latest four quarters through March 31, E.P.S. were $11.83 versus $9.38 for the same period a year ago — an increase of 26%.
Recent Price Action
On 4/30/24, McDonald’s Corp (NYSE: MCD) stock declined slightly by -0.2%, closing at $273.04. Moreover, exceptionally high trading volume at 207% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, MCD is expected to be an important Value Eraser.
McDonald’s is currently unrated.
Rating Review
The stock is currently unrated.
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