Tractor Supply Q1 2024 GAAP EPS $1.83 Beats $1.71 Estimate, Sales $3.39B Inline With $3.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply (NASDAQ:TSCO) reported Q1 2024 earnings of $1.83 per share, surpassing the $1.71 estimate, marking a 10.91% increase from last year. Sales reached $3.39B, meeting the $3.39B forecast and showing a 2.88% year-over-year growth.
April 25, 2024 | 11:57 am
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Tractor Supply reported a strong Q1 2024 with earnings of $1.83 per share, beating estimates, and sales of $3.39B, in line with expectations.
The positive earnings report, with both earnings per share and sales meeting or exceeding analyst expectations, typically leads to a positive short-term impact on the stock price. The beat on the EPS estimate by 7.02% and the year-over-year growth in earnings and sales indicate strong financial health and operational efficiency, which are positive signals to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100