Restaurant Brands International (QSR) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.10
- Estimate
- $1.08
- Surprise
- +1.4%
- Revenue (period 2026-09-30)
- $2.52B
- Score at report (before → after)
- 6.0 → 6.1/10
Revenue source: xbrl.
How the report landed
Restaurant Brands International (QSR) beat the $1.08 estimate with adjusted EPS of $1.10 — a modest 1.4% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.0/10) to Sell at 6.1/10 after the report.
Coverage in the report window
- Restaurant Brands Exec Says Popeyes' Return To Positive Same-Store Sales In H2 Will Take Longer Than Expected — benzinga, 2026-10-29
- Restaurant Brands Exec Says Co Sees Some Impact From Higher Gas Prices, Especially In Drive-Thru And Rural Market — benzinga, 2026-10-29
Where TrendMatrix's rating stands now
TrendMatrix currently rates QSR Sell at 6.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +1.4% surprise compares with a +2.5% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
What argues against it
- Thin upside margin: 5.7%
- Sector modifier (Consumer Cyclical): -1.5
- Leverage penalty (D/E 2.9): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $73.01
- Price target
- $77.18
- Stop
- $69.49
- Upside to target
- +5.7%
- Reward-to-risk
- 1.1:1
At 18.3× trailing and 16.5× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 1.9× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
QSR at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Restaurants
- Market cap
- $33.45B
- P/E (fwd)
- 16.5
- P/E (ttm)
- 18.3
- 52-week range
- $64.52–$81.96
- Off 52-week high
- 10.9%
- RSI (14)
- 58
- Volume vs avg
- 1.95×
- Score today
- 6.2/10