Revisit: BUZZ - Preview: McDonald's stock declines as investors focus on sales growth in the quarterly report

Updated Tuesday's "BUZZ". No changes to the main content.

November 4 - ** McDonald's (MCD.N) shares fell about 1%, trading at $262.90, with the company set to announce quarterly results before the opening bell on Wednesday.

** The market expects McDonald's to report an adjusted earnings per share (EPS) of $3.38, up 5% year-over-year; revenue is expected to be around $7.3 billion, up about 3% from the same period last year.

** According to data from the London Stock Exchange Group (LSEG), in the past 8 quarters, MCD's adjusted earnings per share have met market expectations 7 times.

** In September, McDonald's warned (link) that as long as inflation remains high, total industry traffic in key markets is likely to stay flat.

** As consumers cut back on dining spending, McDonald's second-quarter results missed (link) expectations for U.S. sales growth.

** According to LSEG data, 37 analysts cover MCD, with an average rating of "buy" and a median target price of $295.

** So far this year, MCD shares have fallen about 14%, while the Dow Jones Industrial Average .DJI has risen about 8%.

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