Tractor Supply Company (TSCO - Free Report) , 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%.
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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Tractor Supply Company (TSCO - Free Report) , 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%.
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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