McDonald's Stock Underperforms Despite Upcoming Earnings
• McDonald's (MCD) stock closed lower despite market gains; lagged S&P 500 and Dow
• MCD stock has fallen 5.06% in the past month, underperforming the sector
• MCD expected to report earnings on April 30 with projected EPS of $2.71, up 3.04% year-over-year
• For full year, consensus estimates call for EPS of $12.38, up 3.69%, and revenue of $26.95B, up 5.72%
• MCD trades at a Forward P/E of 22.43, representing a premium versus industry average of 22