These Analysts Revise Their Forecasts On Tractor Supply After Q2 Results
Portfolio Pulse from Avi Kapoor
Tractor Supply Company (NASDAQ:TSCO) reported Q2 earnings per share of $3.93, matching expectations, but sales of $4.25 billion missed the consensus of $4.284 billion. Comparable store sales decreased by 0.5%. The company tightened its 2024 net sales forecast and adjusted its EPS guidance. Analysts revised their price targets, with mixed changes.
July 26, 2024 | 5:34 pm
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Tractor Supply Company reported Q2 earnings per share of $3.93, in line with expectations, but sales of $4.25 billion missed the consensus of $4.284 billion. Comparable store sales decreased by 0.5%. The company tightened its 2024 net sales forecast and adjusted its EPS guidance. Analysts revised their price targets, with mixed changes.
The mixed results and revised guidance create a neutral short-term outlook. While EPS met expectations, the sales miss and decrease in comparable store sales are concerns. However, the tightened guidance and mixed analyst revisions suggest stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100