Tractor Supply Company
), the specialty retailer is slated to post its first-quarter
2014 results on Apr 23, 2014. In the previous quarter, the
company delivered a positive earnings surprise of 4.6%. Let's see
how things are shaping up for this announcement.
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Factors this Past Quarter
Tractor Supply's fourth-quarter results benefited mainly from
improvement in both the top line and margins. The top line
improved primarily driven by strong comparable-store sales
(comps) performance and favorable weather conditions. On the
other hand, the rise in comps was driven by robust performances
in core consumable, usable and edible (C.U.E) products and
seasonal merchandise. Taking cue from these encouraging factors,
this farm and ranch store retailer provided a favorable outlook.
Our proven model does not conclusively show that Tractor Supply
is likely to beat earnings this quarter. This is because a stock
needs to have both a positive
(Expected Surprise Prediction) and a Zacks Rank of #1, 2 or 3 for
this to happen. This is not the case here as you will see below.
: Tractor Supply currently has an Earnings ESP of 0.00%. This is
because the Most Accurate estimate is in line with the Zacks
Consensus Estimate of 37 cents per share.
Zacks Rank #2 (Buy)
: Tractor Supply's Zacks Rank #2 (Buy) when combined with 0.00%
ESP makes surprise predictions difficult. We caution against
stocks with a Zacks Rank #4 and 5 (Sell rated stocks) going into
the earnings announcement, especially when the company is seeing
negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
), Earnings ESP of +8.33% and a Zacks Rank #1 (Strong Buy).
Alaska Air Group, Inc.
), Earnings ESP of +7.14% and a Zacks Rank #1 (Strong Buy).
The Walt Disney Company
), Earnings ESP of +3.13% and a Zacks Rank #2 (Buy).