MCD Revising Our Q1E Tax-Rate Projection
By Mark Kalinowski
Published on March 6, 2019 at 12:00 AM
We revise our Q1E tax-rate projection to 28.5% (from 24.8%). This change has the effect of lowering our Q1E and our full-year 2019E EPS estimates by $0.09 each, to $1.71 and $8.01, respectively. (Our full-year 2020E EPS forecast remains unchanged at $8.75.)