McDonald`s Corporations is expected to
report earnings on Tuesday 22 before market open, and the reported
EPS forecast for the fiscal Quarter ending September 2019 is $2,21
which is up from last years $2,1 for the same quarter.
So far this year, the stock is up 17% and that is 2% lower than the S&P 500. Nor is it as good as its restaurant peers. Earnings is expected to be $2,21 a share on revenue of $5,48 billion. Previous quarter, they had an earnings of $2,05 a share and revenue of $5,34 billion.
Analysts have praised McDonald`s use of
technology and their investments in AI, but also its experience of
the Future restaurant remodeling.
Earlier this summer, McDonald`s partnered with Doordash to expand new sales in the direct delivery market. A direct attack on Uber Technologies’ Uber Eats.
McDonald`s is the largest food
restaurant in the world and their move to adopt plant-based protein
patties for Beyond Meat can give McDonald`s a boost. This is a pilot
project and it doesn`t mean that fast food chains will stick to
keeping plant based products on the menu.
Beyond Meat is a huge success and
partnered with McDonald`s across 28 locations in Canada, but at the
same time the company`s burgers were pulled from locations in another
big regional Canadian fast food chain called Tim Hortons.
The demand for alternative proteins continues to skyrocket and analysts expect that the plant based products will take a huge bite of the traditional meat industry over the next decade. Barclays believe the market for alternative proteins could hit $140 billion by 2029.
Investors lifted Lyft yesterday. Will they do the same with Uber Technologies which is expected to report earnings on Thursday after market close. The report will be for the fiscal Quarter ending June 2019. The consensus EPS forecast for the quarter is $-3,30.
The New York City Taxi and Limousine
Commission votes to extend the cap on the number of permitted Uber
drivers in the city for an additional 12 months. Earlier this year,
NYC enacted minimum wage rules for ride-hail drivers.
Uber thinks it`s unlikely to receive a
five-year license to operate in London, but the ride-hail company
expects Transport for London to award a another fifteen-month,
Amazon India is interested in entering
the food delivery business so that it can add it to the list of
services it provides and Amazon is in early stage talks to acquire
Uber Eats India, according to Business Standard.
Deliveroo which is backed by Uber and Amazon are planning to acquire the Spanish food delivery startup Glovo. The company was last valued at $950 million and they are planning to go public in 2020.
GrubHub and Just Eat are planning to
compete with Uber Eats and Amazon-backed Deliveroo, and they`re in
the early stages of a $10 billion merger.
Street consensus calls for revenue of $3,3 billion which is up from Uber`s first-quarter revenue of $3,1 billion with an adjusted Ebitda loss of $869 million. Some investors are worried by Uber`s competiton in the global market and they are concerned about the ability to ever reach profitability.