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MCD Mcdonalds News Story

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Consumer CyclicalsConservativeLarge CapNeutral

PREVIEW: McDonald's earnings likely to be buoyed by U.S. and international sales

Updates with morning trade

** Shares of McDonald's MCD.N are down 1% to $322.73 ahead of its quarterly earnings report due after markets close on Wednesday

** Wall Street analysts expect MCD to report a ~7% gain in revenue to $6.84 billion helped by growth in sales from the U.S. as well as international restaurants. Adj EPS is also seen rising ~7.6% to $3.05 vs $2.83

** MCD's EPS has met or beaten estimates five times in past eight qtrs and revenue has met or beaten estimates three times in past eight qtrs

** In September, the company reintroduced its Extra Value Meals and began working with franchisees to standardize a 15% discount on combo meals nationwide, up from the current 10% to 11%

** Among 39 analysts covering MCD, avg rating is "BUY" and median PT is $344

** MCD is up 5.6% YTD vs Dow Industrials' .DJI 3.8% rise

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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