Tractor Supply Q3 GAAP EPS $2.33 Beats $2.29 Estimate, Sales $3.41B Miss $3.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply (NASDAQ:TSCO) reported Q3 earnings of $2.33 per share, beating the analyst consensus estimate of $2.29 by 1.75%. However, the company's quarterly sales of $3.41 billion missed the analyst consensus estimate of $3.47 billion by 1.70%. The earnings represent a 10.95% increase from the same period last year, while the sales represent a 4.28% increase.
October 26, 2023 | 10:57 am
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Tractor Supply's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Tractor Supply's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive impact, creating uncertainty about the company's revenue growth. This mixed performance makes it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100