Rural goods retailer Tractor Supply (NASDAQ: TSCO) will be reporting results this Thursday before market hours. Here’s what investors should know.
Tractor Supply missed analysts’ revenue expectations last quarter, reporting revenues of $4.54 billion, up 2.3% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS 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 2.7% year on year, slowing from the 7.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. 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, some have already reported their Q3 results, giving us a hint as to what we can expect. CarMax delivered year-on-year revenue growth of 19.5%, beating analysts’ expectations by 13.4%, and Costco reported revenues up 11.1%, topping estimates by 0.9%. CarMax traded down 2.5% following the results while Costco was up 2.9%.
Read our full analysis of CarMax’s results here and Costco’s results here.
There has been positive sentiment among investors in the consumer retail segment, with share prices up 4.8% on average over the last month. Tractor Supply is up 1.2% during the same time and is heading into earnings with an average analyst price target of $35.85 (compared to the current share price of $32.73).
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