Advertisement
Singapore markets open in 6 hours 23 minutes

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +449.98 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.33 (+1.99%)
     

  • Bitcoin USD

    63,899.48
    +256.42 (+0.40%)
     

  • CMC Crypto 200

    1,332.27
    +55.29 (+4.33%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • Nikkei

    38,236.07
    -38.03 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.82 (+1.48%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Tractor Supply (TSCO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Tractor Supply (TSCO) reported revenue of $3.39 billion, up 2.9% over the same period last year. EPS came in at $1.83, compared to $1.65 in the year-ago quarter.

The reported revenue represents a surprise of -0.05% over the Zacks Consensus Estimate of $3.4 billion. With the consensus EPS estimate being $1.70, the EPS surprise was +7.65%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

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 (decrease)/increase: 1.1% versus the 10-analyst average estimate of 0.5%.

  • Number of stores - Tractor Supply: 2,233 versus the six-analyst average estimate of 2,235.

  • Number of stores: 2,435 versus the six-analyst average estimate of 2,436.

  • Number of stores - Petsense: 202 compared to the 200 average estimate based on six analysts.

  • Total Selling Square Footage: 38.14 Msq ft versus the five-analyst average estimate of 38.83 Msq ft.

  • New stores opened - Tractor Supply: 17 versus 19 estimated by four analysts on average.

  • New stores opened - Petsense: 4 compared to the 3 average estimate based on four analysts.

View all Key Company Metrics for Tractor Supply here>>>

Shares of Tractor Supply have returned -0.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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

To read this article on Zacks.com click here.

Zacks Investment Research