The third quarter financial results of McDonald's Corporation (NYSE: MCD) will be revealed on Tuesday 29th October 2024. This eagerly awaited announcement is slated to occur before market open, enabling investors and market participants to gain valuable insights into the company's financial performance.
It is anticipated by financial experts on Wall Street that the organization is set to announce an estimated $3.20 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $6.82 billion for this period.
During the equivalent quarter of the preceding year, the company's financial report highlighted a per-share income of $3.19. This significant amount was the outcome of the company's total revenue, which reached an impressive $6.69 billion during that particular timeframe.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $26.14 billion. Additionally, they predict that the earnings per share for the company will hit profit of $11.85 by the end of the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.97 | -6.3% | 6.49 B | -0.1% |
| Q1 2024 | $2.70 | +2.7% | 6.17 B | +4.6% |
| Q4 2023 | $2.95 | +13.9% | 6.41 B | +8.1% |
| Q3 2023 | $3.19 | +19.0% | 6.69 B | +14.0% |
| Q2 2023 | $3.17 | +24.3% | 6.50 B | +13.6% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 29th October 2024 at 08:30 AM eastern time to discuss Q3 financial results.
McDonald's Corporation (MCD) experienced a trading range of $292.20 to $301.60, along with a total volume of 8.86 million shares during the day. The stock concluded Friday's regular trading session at $292.61, demonstrating fall of 2.97 percent.
