McDonald's is about to report earnings. Here's what to expect

McDonald's is expected to report third-quarter earnings before the market opens on Wednesday, according to the source.

Wall Street analysts surveyed by LSEG are expecting the company to report results for the quarter. StreetAccount estimates put expected U.S. same-store sales down 0.5%.

CEO Chris Kempczinski said last quarter that the chain's U.S. business fell short. He blamed uneven execution of its value offers and complicated launches of new menu items. The company then named Skye Anderson as its new U.S. president.

Investors will also watch executive commentary on the fourth quarter so far. Chipotle Mexican Grill executives said last Wednesday that restaurant industry traffic softened in October.

McDonald's shares have fallen about 11% over the last year, according to the source. The source attributes that decline to investor concerns about the U.S. business, expensive plans to upgrade restaurants and the broader economy. The company has a market cap of roughly $186 billion.