Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be reporting results tomorrow before the bell. Here’s what you need to know.
Tractor Supply met analysts’ revenue expectations last quarter, reporting revenues of $3.47 billion, up 1.6% year on year. It was a satisfactory quarter for the company, with full-year EPS guidance exceeding analysts’ expectations.
Is Tractor Supply a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Tractor Supply’s revenue to grow 3.5% year on year to $3.79 billion, a reversal from the 8.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.46 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tractor Supply has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Tractor Supply’s peers in the consumer retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Walgreens delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 5.7%, and CarMax reported revenues up 1.2%, topping estimates by 3%. Walgreens traded up 29.2% following the results while CarMax was also up 3.6%.
Read our full analysis of Walgreens’s results here and CarMax’s results here.
Investors in the consumer retail segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Tractor Supply is up 8.2% during the same time and is heading into earnings with an average analyst price target of $58.58 (compared to the current share price of $57.38).
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