Tractor Supply Lowers FY23 Outlook: Adj. EPS $10.00 - $10.10 ($10.20 - $10.40 Prior) Vs. $10.25 Estimate, Revenue $14.5B - $14.6B ($14.8B - $14.9B Prior) Vs. $14.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply has lowered its fiscal 2023 outlook. The company now expects adjusted EPS of $10.00 - $10.10, down from the previous estimate of $10.20 - $10.40, and below the $10.25 consensus estimate. Revenue is now expected to be $14.5B - $14.6B, down from the previous estimate of $14.8B - $14.9B, and below the $14.86B consensus estimate.
October 26, 2023 | 10:59 am
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Tractor Supply has lowered its FY23 outlook, which is below the consensus estimates. This could negatively impact the company's stock price in the short term.
Tractor Supply has lowered its FY23 outlook, which is below the consensus estimates. This indicates that the company is not performing as well as expected, which could lead to a decrease in investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100