Tractor Supply Company TSCO , the U.S. leading rural lifestyle retailer, delivered first-quarter 2018 earnings of 57 cents per share that lagged the Zacks Consensus Estimate by a penny. Earnings Estimate Revision:
The Zacks Consensus Estimate for 2018 has witnessed a downtrend in the last seven days. However, 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 2.2%.
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 $1,682.9 million that advanced 7.6% year over year but came below the Zacks Consensus Estimate of $1,689 million. Comparable-store sales (comps) improved 3.7%.
Outlook: Management reiterated its guidance for 2018. It continues to project net sales in the band of $7.69-$7.77 billion reflecting 6-7% growth year over year. Comps growth is still anticipated in a range of 2-3% for the year. Further, Tractor Supply continues to envision earnings per share in a band of $3.95-$4.15.
Zacks Rank: Tractor Supply carries a Zacks Rank #3 (Hold), 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 fell 1.8% during pre-market trading following the quarterly results.
Check back later for our full write up on Tractor Supply's earnings report!
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