Tractor Supply (TSCO) Q3 Earnings: What To Expect
Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be reporting earnings tomorrow before market hours. Here's what you need to know.
Last quarter Tractor Supply reported revenues of $4.18 billion, up 7.21% year on year, missing analyst expectations by 1.78%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.
Is Tractor Supply buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Tractor Supply's revenue to grow 6.14% year on year to $3.47 billion, slowing down from the 8.38% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.29 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Tractor Supply's peers in the consumer retail segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Lithia delivered top-line growth of 13.5% year on year, beating analyst estimates by 1.3% and AutoZone reported revenues up 6.4% year on year, exceeding estimates by 1.46%. Both stocks (Lithia and AutoZone) traded flat after the results.
Read our full analysis of Lithia's results here and AutoZone's results here.
Investors in the consumer retail segment have had steady hands going into the earnings, with the stocks up on average 0.9% over the last month. Tractor Supply is down 1.98% during the same time, and is heading into the earnings with analyst price target of $231.9, compared to share price of $199.
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The author has no position in any of the stocks mentioned.
