McDonald's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

McDonald's Corporation MCD will release its second-quarter financial results, before the opening bell on Monday, July 29.

Analysts expect quarterly earnings at $3.07 per share. That's down from $3.17 per share in the year-ago period. McDonald's expects to post revenue of $6.61 billion, compared to $6.27 billion a year earlier, according to data from Benzinga Pro.

McDonald's just declared a quarterly cash dividend of $1.67 per share of common stock payable on Sept. 17 to shareholders of record on Sept. 3.

McDonald's shares rose 0.2% to close at $252.00 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Chris O'Cull maintained a Hold rating and cut the price target from $285 to $265 on July 22. This analyst has an accuracy rate of 73%.
• Citigroup analyst Jon Tower maintained a Neutral rating and slashed the price target from $297 to $280 on July 16. This analyst has an accuracy rate of 72%.
• Deutsche Bank analyst Lauren Silberman maintained a Buy rating and cut the price target from $310 to $295 on July 16. This analyst has an accuracy rate of 73%.
• JP Morgan analyst John Ivankoe maintained an Overweight rating and slashed the price target from $300 to $290 on July 10. This analyst has an accuracy rate of 72%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and slashed the price target from $320 to $300 on July 9. This analyst has an accuracy rate of 73%.

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