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Ahead of Wall Street

Monday, January 23, 2017

As analysts project what we should expect from President Trump’s first 100 days in office, earnings results before the bell to kick off the week this morning address our more near-term interests: McDonald’s MCD and Halliburton HAL are two of the bigger names to have come out with Q4 numbers early Monday.

McDonald’s has beaten the Zacks consensus estimates for both earnings and sales: $1.44 per share in profits beat expectations by 3 cents, whereas its $6.03 billion in revenues topped the $5.99 billion analysts had anticipated. High growth in international markets, along with notable operational improvements overseas, have helped boost fortunes for the quick-service restaurant (QSR) giant.

Some questions regarding whether the “all day breakfast” campaign may finally be running out of steam a bit, and with shares of McDonald’s up pretty big from the lows the company hit last fall, following the earnings release the company’s stock is trading down about 50 cents per share in the pre-market. Year over year, MCD shared are up 2.7%.

Oilfield services major Halliburton provided mixed results from its quarterly report: 4 cents per share surpassed the 2 cents per share expected, but revenues of $4.02 billion in the quarter were down from the $4.07 billion expected. These numbers are also down vastly from a year ago: earnings per share have fallen 87% from this time in 2016, whereas sales results were roughly 21% short of year-ago results.

More than 100 S&P 500 components will be reporting earnings results this week, and thus far Q4 earnings season has been the strongest we’ve seen in two years. For a more in-depth report, please check out Zacks Director of Research Sheraz Mian’s Earnings Preview.

Mark Vickery
Senior Editor

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Key Earnings Reports For Jan 23, 2017

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