Tractor Supply (TSCO) Beats on Q2 Earnings & Sales Estimates

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Tractor Supply CompanyTSCO , the U.S. leading rural lifestyle retailer, delivered second-quarter 2018 earnings of $1.69 per share that outpaced the Zacks Consensus Estimate of $1.61 and improved 35.2% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed an uptrend in the last 30 days. Moreover, if we look at Tractor Supply's performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the earnings estimates by an average of 1.8%.

Tractor Supply Company Price, Consensus and EPS Surprise

Tractor Supply Company Price, Consensus and EPS Surprise | Tractor Supply Company Quote

Revenues: Tractor Supply generated net sales of $2,213.2 million that advanced 9.7% year over year and came ahead of the Zacks Consensus Estimate of $2,173 million. Comparable-store sales (comps) improved 5.6%.

Outlook: Management raised its outlook for 2018. It now projects net sales in the band of $7.77-$7.80 billion versus $7.69-$7.77 billion guided earlier. Comps growth is anticipated in a range of 3-3.5%, up from the previous guidance of 2-3% for the year. Further, Tractor Supply envisions earnings per share in a band of $4.10-$4.20, up from the previous guided range of $3.95-$4.15.

Zacks Rank: Tractor Supply carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Stock Movement: Tractor Supply's shares gained 3.3% during pre-market trading following the solid quarterly results and bullish outlook.

Check back later for our full write up on Tractor Supply's earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: TSCO

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