Yahoo Finance Tractor Supply (TSCO) Q2 Earnings: What To Expect
Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be announcing earnings results tomorrow before the bell. Here's what you need to know.
Tractor Supply met analysts' revenue expectations last quarter, reporting revenues of $3.39 billion, up 2.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates but a miss of analysts' gross margin estimates.
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 2.4% year on year to $4.28 billion, slowing from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.92 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tractor Supply has missed Wall Street's revenue estimates six times over the last two years.
Looking at Tractor Supply's peers in the consumer retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CarMax's revenues decreased 7.5% year on year, meeting analysts' expectations, and Genuine Parts reported flat revenue, falling short of estimates by 1.2%. CarMax traded up 2.5% following the results.
Read our full analysis of CarMax's results here and Genuine Parts's results here.
Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. Tractor Supply is up 2.1% during the same time and is heading into earnings with an average analyst price target of $271 (compared to the current share price of $270.02).
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