McDonald's Stock Has a Lot to Prove on Tuesday
The world's largest burger chain is earning its Golden Arches these days. Shares of McDonald's (NYSE: MCD) have moved higher every single month in 2017, rising 28% year to date. The stock hit a new all-time high earlier this month, and that's going to raise expectations come Tuesday, when McDonald's reports fresh financials.
Analysts see $5.96 billion in revenue for the second quarter, 5% below the prior year's showing, but there's more to the top-line slide than meets the eye. McDonald's is in the process of handing over company-owned eateries to franchisees, a move that lowers revenue with the benefit of propping up margin. The Big Mac daddy has posted 11 straight quarters of year-over-year declines in revenue. The streak should stretch to an even dozen on Tuesday, and Wall Street's cool with that, given the all-time highs.
Image source: McDonald's.
Source: Fool.com
McDonalds Corp. Stock
With 49 Buy predictions and 1 Sell predictions McDonalds Corp. is one of the favorites of our community.
With a target price of 296 € there is a slightly positive potential of 17.67% for McDonalds Corp. compared to the current price of 251.55 €.
