Tractor Supply Company
), a leading retail firm and ranch store retailer, to beat
expectations when it reports first-quarter 2013 results on Apr
Why a Likely Positive Surprise?
Our proven model shows that Tractor Supply may beat the
earnings because it has the right combination of two key
Positive Zacks ESP:
Tractor Supply currently has an Earnings ESP (Read:
Zacks Earnings ESP: A Better Method
) of +1.61%. This is because the Most Accurate Estimate stands at
63 cents, while the Zacks Consensus Estimate is pegged at 62
Zacks #2 Rank (Buy):
Note that stocks with a Zacks Rank #1, 2 and 3 have higher
chances of beating the earnings. The Sell rated stocks (#4 and 5)
should never be considered going into an earnings
The combination of Tractor Supply's Zacks Rank #2 (Buy) and
Earnings ESP of +1.61% makes us confident of a positive earnings
beat on Apr 24.
What is Driving the Better-than-Expected Earnings?
The company has been revamping itself by concentrating on
square footage growth and the maximization of productivity from
its existing store base. In addition, Tractor Supply has
implemented significant changes in its store operations to make
them simpler and more customer-friendly. We believe these
initiatives will induce more traffic to its stores while boosting
its top line.
The company has surpassed the Zacks Consensus Estimate in the
trailing four quarters with an average surprise of approximately
TRACTOR SUPPLY (TSCO): Free Stock Analysis
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