Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
McDonald's (MCD) Q2 Earnings and Revenues Top Estimates
McDonald’s Corp. (MCD - Free Report) is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed downward revision over the past 7 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 5.5%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MCD beats on earnings. Our consensus earnings estimate called for earnings per share of $1.92, and the company reported adjusted earnings of $1.99 per share.
McDonald's Corporation Price, Consensus and EPS Surprise
McDonald's Corporation Price, Consensus and EPS Surprise | McDonald's Corporation Quote
Revenues: MCD reported revenues of nearly $5,353.9 million. This surpassed our consensus estimate of $5,315 million.
Key Stats to Note: Global comps for the second-quarter 2018 grew 4%.
Zacks Rank: MCD currently has a Zacks Rank #3 (Hold) but that could change following McDonald’s earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this MCD earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>