Shares of McDonald's (MCD.N) drop 1.6% to $266.36 ahead of its quarterly results due before markets open on Tuesday
MCD is expected to report a ~3.9% rise in adjusted EPS to $3.32 while revenue is seen rising ~4.2% to $7.13 billion
MCD's revenue has met or topped expectations 4 times over the last 8 quarters, while adjusted EPS has met or beaten expectations 6 times in the same period
Of the 37 analysts that cover MCD, the breakdown of recommendations is 21 "strong buy" or "buy," 15 "hold" and 1 "sell," per LSEG data
MCD is down 12.9% versus the Dow Industrial Average's (.DJI), which is up ~11%
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