Equities Analysts Issue Forecasts for Tesco FY2027 Earnings

Tesco PLC (OTCMKTS:TSCDY) – Investment analysts at Erste Group Bank lowered their FY2027 EPS estimates for Tesco in a research note issued on Monday, July 27th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $1.24 per share for the year, down from their previous forecast of $1.26. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.26 per share. Erste Group Bank also issued estimates for Tesco’s FY2028 earnings at $1.34 EPS.

A number of other equities research analysts have also weighed in on TSCDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Finally, Citigroup assumed coverage on Tesco in a research note on Tuesday, May 5th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tesco has an average rating of “Moderate Buy”.

Tesco Trading Down 0.7%

Shares of Tesco stock opened at $19.94 on Friday. Tesco has a twelve month low of $16.47 and a twelve month high of $20.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. The company’s 50 day moving average is $18.64 and its 200 day moving average is $18.81.

Tesco Company Profile

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.