McDonalds: Analysts Estimate $1.59 Billion In Q2 Net Income
McDonalds Corp (NYSE: MCD) will be reporting their second quarter financials on July 28 before market open. Analysts have a consensus $258.88 12-month price target on the company, via a total of 38 analysts, with nine analysts having strong buy ratings. 20 analysts meanwhile have buy ratings and nine have hold ratings. The street high comes from Kalinowski Equity Research with a $285 price target, and the lowest target sits at $225 from Piper Sandler.
23 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 23 analysts is $5.6 billion; this number is slightly higher than the $5.3 billion estimate at the start of the year. The highest revenue estimate is $5.86 billion, while the lowest is $4.83 billion.
Onto EBITDA estimates, there are currently 19 analysts who have second quarter EBITDA estimates. The mean is currently $2.79 billion, with this number staying flat since the start of the year. Street high is a $2.95 billion EBITDA estimate and the lowest is $2.7 billion.
The analyst consensus for net income for the second quarter is $1.59 billion, this is slightly higher from the start of the year which was $1.49 billion. The highest net income estimate is $1.7 billion, while the lowest is $1.51 billion.
Analysts estimate that quarterly earnings per share will come in at $2.10, with this number being the same at the start of the year. Street high is currently $2.26 and the lowest estimate is $2.02 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
