McDonald’s Corporation (NYSE: MCD) is slated to report fourth quarter 2019 earnings results on Wednesday, January 29, before the market opens. Analysts expect the company to report earnings of $1.96 per share while revenue is expected to rise by 2% to $5.30 billion.
This will be the first earnings report since Chris Kempczinski took over as CEO after the abrupt exit of Steve Easterbrook. It will be worth watching if any new strategies or changes are revealed. The strength in comparable sales can be expected to continue this quarter as well.
The company’s investments in store development, delivery services and menu innovations are likely to help boost results and drive growth going forward. However, the fast food chain faces tough competition from the increasing number of delivery services that are now available in the market.
In the third quarter of 2019, McDonald’s missed revenue and earnings expectations. Revenue inched up 1% to $5.43 billion while EPS of $2.11 remained flat year-over-year. Revenues from franchised restaurants grew 5% while revenues from company outlets fell 4%.
Shares of McDonald’s have gained 13% over the past one year and 7% over the past three months. The majority of analysts have rated the stock as Buy and it has an average price target of $223.24, which represents an upside of 6% from the current price.
Weibo Corporation (NASDAQ: WB) reported first-quarter 2021 earnings results today. Net revenues increased by 42% year-over-year at $458.9 million and 31% increase on a constant currency basis. Net income attributable
Stock markets rallied amid mixed cues on the health of the labor market, with latest data showing that payrolls grew at a slower-than-expected pace while unemployment claims slipped below the
These days the tech world is abuzz with the legal battle between gadget giant Apple, Inc. (NASDAQ: AAPL) and Epic Games, which has elicited significant media interest. The trial in