McDonald's Corporation (MCD) reported its fourth-quarter results on February 5. The company comfortably surpassed the consensus EPS estimate, but its revenue came below Wall Street estimates. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock.
For the fourth quarter, MCD’s EPS was 4.4% above the consensus estimate, but its revenue was 0.7% lower than analyst estimates. This was its first quarterly sales miss in nearly four years. The company continued its stellar earnings history, beating the consensus EPS estimate in each of the trailing four quarters.
