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On Friday, October, 20th, McDonald’s (MCD) will release its third quarter earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of B.
Dave will look at McDonald’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on McDonald’s ahead of earnings.
McDonald’s in Focus
McDonald’s Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.
McDonald’s is expected to report earnings of $1.48 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 5.07% at $1.45 per share, beating estimates of $1.38 per share.
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