McDonald’s Corporation
Q2 Rev Est.: $5.95 Bil
Q2 EPS Est.: $1.12
On average, analysts are expecting second-quarter revenue for McDonald’s Corporation (“MCD”) to come in at $5.90 Bil with earnings of $1.12 per share. While my revenue estimate slightly tops analysts’ consensus, our EPS figures are equal. YUM Brand’s earnings announcement on Tuesday should be a good indicator for the overall strength of the fast-food industry. It is important to note that while the DJI has been slightly negative year-to-date, shares of MCD have improved more than 10%. If either my top-line or bottom-line estimates turn out to be too optimistic, shares of the restaurant giant would most likely fall sharply. Given that my estimates are virtually even with consensus, I will not be giving a Trading Recommendation on the stock.
Income Statement | |
For the three months ended June 30, 2010 | |
Total Revenues | $5,953 |
Operating Costs: | |
Restaurant Ex | $3,293 |
Occupancy Ex | $353 |
SG&A | $560 |
Impairment | $33 |
Other | -$97 |
Total Oper. Costs | $4,143 |
Operating Income | $1,810 |
Interest Ex | $117 |
Nonoperating Ex | $0 |
EBT | $1,693 |
Taxes | $508 |
Net Income | $1,185 |
Adj: Impairment | $33 |
Adjusted Net Income | $1,218 |
Diluted EPS | $1.12 |
Trading Recommendation: NONE
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MCD Ownership
MCD Ownership
Author: NO
Author’s Family: NO
Disclaimer:
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
