Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be reporting results tomorrow before the bell. Here’s what investors should know.
Tractor Supply met analysts’ revenue expectations last quarter, reporting revenues of $3.77 billion, up 3.1% year on year. It was a slower quarter for the company, with full-year EPS guidance missing 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 4.1% year on year to $3.53 billion, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 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.
Looking at Tractor Supply’s peers in the consumer retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Walgreens delivered year-on-year revenue growth of 4.1%, beating analysts’ expectations by 2.2%, and Lithia reported revenues up 7.2%, falling short of estimates by 2.1%. Walgreens’s stock price was unchanged following the results.
Read our full analysis of Walgreens’s results here and Lithia’s results here.
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