This Friday McDonald's Corporation (NYSE: MCD) is going to be reporting its third quarter earnings, and expectations are high for the fast food giant. As BloggingStocks' own Melly Alazraki discussed last week, McDonald's is riding high after posting very strong September same store sales, leading Mrs. Alazraki to believe the company is due to blow away its earnings this Friday.Analysts are expecting to see the company show earnings of 81 cents a share, but the company has forecast that it will exceed this estimate and report 83 cents a share.
MarketWatch is also expecting to see strong numbers this Friday morning. In its earnings outlook MarketWatch advised its readers to expect a "another red hot" quarterly report, citing the fact that the company had released so much positive news last week in its September sales report.
Merrill Lynch is also bullish on the stock. The broker raised its price target on the stock today to $63 a share, stating that they believe that McDonald's will continue to show above-average comp sales. Merrill currently has a "buy" rating on the stock.
The company will be releasing its earnings prior to the market open Friday, be sure to check back Friday morning for an update and a review of the company's earnings release.
Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer
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Reader Comments (Page 1 of 1)
10-17-2007 @ 3:07PM
Brian Patterson said...
My son got e coli 0157 H:7 from eating a McDonalds meal in August 2002. He was on morphine for 7 days. Both McDonalds and Zurich Ins. denied any liability yet the CDC National PulseNet database found isolated and random PFGE matches. My advice to anyone is to save their receipts and a uneated portion of their meal for further testing and confirmation.
10-23-2007 @ 9:44AM
veganizer said...
here a reportage of an amusing smart mob about the Mc diet:
http://deposit313.altervista.org/mc_culi/index.htm
I believe the Mc botties are a good idea of "guerrilla marketing" from the bottom...
12-10-2007 @ 9:43AM
xxx said...
The Mcdonaldization is a pest!
But we are the consumers! We have the power over the destiny of the corporation...