Compared to Estimates, Tractor Supply (TSCO) Q3 Earnings: A Look at Key Metrics
Tractor Supply (TSCO) reported $3.41 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.3%. EPS of $2.33 for the same period compares to $2.10 a year ago.
The reported revenue represents a surprise of -1.45% over the Zacks Consensus Estimate of $3.46 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +2.64%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tractor Supply performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales increase: -0.4% compared to the 1.5% average estimate based on 11 analysts.
Number of stores - Petsense: 195 versus the seven-analyst average estimate of 194.
Number of stores: 2,393 compared to the 2,391 average estimate based on seven analysts.
Number of stores - Tractor Supply: 2,198 compared to the 2,187 average estimate based on seven analysts.
New stores opened - Tractor Supply: 17 versus the four-analyst average estimate of 18.
Total Selling Square Footage: 38.13 Msq ft compared to the 38.12 Msq ft average estimate based on four analysts.
New stores opened - Petsense: 4 versus the four-analyst average estimate of 3.
View all Key Company Metrics for Tractor Supply here>>>
Shares of Tractor Supply have returned -2.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tractor Supply Company (TSCO) : Free Stock Analysis Report
