McDonald’sExpected to release its first quarter earnings prior to the bell Thursday.

Refinitiv has surveyed Wall Street analysts to see what they expect:

• Earnings per share: $2.17 expected
• Estimated Revenues: $5.59Billion

One year ago, the fast-food chain began to feel the effects of the first days of the pandemic lockdowns in America. Analysts have low expectations about domestic sales growth for this quarter. StreetAccount estimates that Wall Street expects U.S. sales to rise by 3.3%. Last quarter, U.S. same-store sales climbed 7.5%.

As oil prices rise, McDonald’s as well as its franchisees in the U.S. have raised their prices. Indicators of pricing power could be found in the earnings report, such as strong traffic numbers and price increases.

Except for McDonald’s, the focus will be on Russia and Ukraine. In March, CFO Kevin Ozan saidThe company will lose $50 million each month if it suspends its Russian operations. This is 5 to 6 cents per share. There are approximately 850 McDonald’s locations in Russia. The majority of these restaurants are franchisees and owned by McDonald’s.

McDonald’s stock has risen by 6% in 12 months. It now trades at $193 billion.