McDonald's to Release First Quarter Earnings Results
McDonald's Corporation (MCD) is scheduled to release its first-quarter earnings results before the market opens on April 30th. Analysts anticipate the company to report earnings of $2.72 per share, exceeding the $2.63 per share reported in the same period last year. Additionally, McDonald's is projected to report quarterly revenue of $6.16 billion, surpassing the $5.9 billion reported in the previous year's first quarter. This information is based on data compiled by Benzinga Pro.
McDonald's Repurchases Israeli Franchises
In recent news, McDonald's announced its decision to repurchase all its franchises in Israel. This move comes in response to ongoing tensions in the Middle East, which have significantly impacted the company's operations in the region.
Analyst Ratings for McDonald's
Wedbush: Outperform rating, price target lowered from $330 to $300 (analyst accuracy rate: 82%)
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