Tractor Supply (TSCO - Free Report) reported $3.41 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.3%. EPS of $2.33 for the same period compares to $2.10 a year ago.
The reported revenue represents a surprise of -1.45% over the Zacks Consensus Estimate of $3.46 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +2.64%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tractor Supply performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales increase: -0.4% compared to the 1.5% average estimate based on 11 analysts.
- Number of stores - Petsense: 195 versus the seven-analyst average estimate of 194.
- Number of stores: 2,393 compared to the 2,391 average estimate based on seven analysts.
- Number of stores - Tractor Supply: 2,198 compared to the 2,187 average estimate based on seven analysts.
- New stores opened - Tractor Supply: 17 versus the four-analyst average estimate of 18.
- Total Selling Square Footage: 38.13 Msq ft compared to the 38.12 Msq ft average estimate based on four analysts.
- New stores opened - Petsense: 4 versus the four-analyst average estimate of 3.
View all Key Company Metrics for Tractor Supply here>>>Shares of Tractor Supply have returned -2.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Tractor Supply (TSCO - Free Report) reported $3.41 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.3%. EPS of $2.33 for the same period compares to $2.10 a year ago.
The reported revenue represents a surprise of -1.45% over the Zacks Consensus Estimate of $3.46 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +2.64%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tractor Supply performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales increase: -0.4% compared to the 1.5% average estimate based on 11 analysts.
- Number of stores - Petsense: 195 versus the seven-analyst average estimate of 194.
- Number of stores: 2,393 compared to the 2,391 average estimate based on seven analysts.
- Number of stores - Tractor Supply: 2,198 compared to the 2,187 average estimate based on seven analysts.
- New stores opened - Tractor Supply: 17 versus the four-analyst average estimate of 18.
- Total Selling Square Footage: 38.13 Msq ft compared to the 38.12 Msq ft average estimate based on four analysts.
- New stores opened - Petsense: 4 versus the four-analyst average estimate of 3.
View all Key Company Metrics for Tractor Supply here>>>Shares of Tractor Supply have returned -2.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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