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

McDonald's is expected to report its third-quarter earnings before the bell on Wednesday.

Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:

Earnings per share: $3.38 expected

Revenue: $7.29 billion expected

Last quarter, McDonald's CEO Chris Kempczinski said the chain's U.S. business fell short, hurt by uneven execution of its value offers and complicated launches of new menu items. In response, the company tapped Skye Anderson as its new U.S. president.

Analysts are predicting an even worse third quarter for McDonald's home market. Wall Street is anticipating same-store sales declined 0.5%, according to StreetAccount estimates.

Investors will also be paying close attention to executive commentary about the fourth quarter so far. Chipotle Mexican Grill executives said last Wednesday that the restaurant industry saw traffic soften in October.