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LIVE: Yum! Brands Earnings

Mamta BadkarApr 23, 2014, 01:19 IST

REUTERS/Kim Kyung-Hoon

Yum! Brands reports earnings after the bell.

Analysts polled by Bloomberg are looking for Yum to report Q1 adjusted earnings of $0.84 per share, on revenue of $2.79 billion.

On Monday, JPMorgan downgraded Yum to 'neutral' from 'overweight' with a price target of $80. The analysts also said the current stock price is "fairly pricing In China recovery."

Yum derives a large part of its revenue from China, so investors watch for clues on the health of the Chinese consumer.

Yum's earnings took a hit last quarter after concerns over the bird flu and food safety saw China sales take a hit.

The stock is up 1.8% to $77.35 on Tuesday ahead of earnings.

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