Tractor Supply Earnings: What To Look For From TSCO

Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be announcing earnings results this Tuesday before the bell. Here’s what you need to know.

Tractor Supply missed analysts’ revenue expectations last quarter, reporting revenues of $3.90 billion, up 3.3% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ EBITDA estimates.

Is Tractor Supply a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Tractor Supply’s revenue to grow 4.8% year on year, improving from the 2.1% increase it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Tractor Supply has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Tractor Supply’s peers in the consumer retail segment, only CarMax has reported results so far. It exceeded analysts’ revenue estimates and delivered flat year-on-year revenue. The stock was down 17.5% on the results.

There has been positive sentiment among investors in the consumer retail segment, with share prices up 8.8% on average over the last month. Tractor Supply is down 1.3% during the same time and is heading into earnings with an average analyst price target of $56.15 (compared to the current share price of $45.08).

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