McDonald's is expected to release its third-quarter earnings report before the U.S. stock market opens on Wednesday.
Here are Wall Street analysts' consensus estimates for the company's financial results, based on an LSEG survey: - Earnings per share: $3.33 - Revenue: $7.1 billion
The fast-food giant, often seen as a barometer of consumer financial health, has been warning for over a year that low-income diners are cutting back on spending. However, Wall Street anticipates McDonald's will post its second consecutive quarter of same-store sales growth, suggesting its "value-driven strategy" is resonating with customers.
At the start of Q3, McDonald's reintroduced "Snack Wraps" to its menu for the first time in nine years. In September, the chain also relaunched its "Extra Value Meals" promotion.
According to StreetAccount estimates, analysts project McDonald's global same-store sales to rise by 3.5%. Wall Street expects the burger chain to perform better in international markets than in the U.S., with domestic same-store sales forecast to grow by 1.9%.
So far this year, McDonald's stock has gained just 3%, weighed down by investor concerns over the restaurant industry and broader economic conditions. The company's current market capitalization exceeds $212 billion.