We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tractor Supply (TSCO) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Tractor Supply (TSCO - Free Report) reported $4.25 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.5%. EPS of $3.93 for the same period compares to $3.83 a year ago.
The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $4.28 billion. With the consensus EPS estimate being $3.94, the EPS surprise was -0.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
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: -0.5% versus the 10-analyst average estimate of 0.3%.
Number of stores - Petsense: 205 compared to the 204 average estimate based on six analysts.
Number of stores: 2,459 versus 2,456 estimated by six analysts on average.
Number of stores - Tractor Supply: 2,254 versus the six-analyst average estimate of 2,254.
Total Selling Square Footage: 38.38 Msq ft versus 38.75 Msq ft estimated by five analysts on average.
New stores opened - Tractor Supply: 21 versus the four-analyst average estimate of 20.
New stores opened - Petsense: 3 compared to the 3 average estimate based on four analysts.
Shares of Tractor Supply have returned -1.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tractor Supply (TSCO) Reports Q2 Earnings: What Key Metrics Have to Say
Tractor Supply (TSCO - Free Report) reported $4.25 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.5%. EPS of $3.93 for the same period compares to $3.83 a year ago.
The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $4.28 billion. With the consensus EPS estimate being $3.94, the EPS surprise was -0.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
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: -0.5% versus the 10-analyst average estimate of 0.3%.
- Number of stores - Petsense: 205 compared to the 204 average estimate based on six analysts.
- Number of stores: 2,459 versus 2,456 estimated by six analysts on average.
- Number of stores - Tractor Supply: 2,254 versus the six-analyst average estimate of 2,254.
- Total Selling Square Footage: 38.38 Msq ft versus 38.75 Msq ft estimated by five analysts on average.
- New stores opened - Tractor Supply: 21 versus the four-analyst average estimate of 20.
- New stores opened - Petsense: 3 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 -1.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.