Erste Group Bank Has Weak Forecast for Tesco FY2027 Earnings

Tesco PLC (OTCMKTS:TSCDY) – Equities researchers at Erste Group Bank dropped their FY2027 earnings per share estimates for Tesco in a research note issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $1.25 for the year, down from their previous estimate of $1.26. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.26 per share.

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Tesco presently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

OTCMKTS TSCDY opened at $19.55 on Monday. The stock’s fifty day moving average is $19.10 and its two-hundred day moving average is $18.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. Tesco has a fifty-two week low of $16.65 and a fifty-two week high of $20.54.

About Tesco

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, convenience stores and online grocery services, offering food, household products, clothing and other everyday consumer goods.

Tesco serves customers primarily in the United Kingdom and also operates retail businesses in the Republic of Ireland, the Czech Republic, Hungary and Slovakia. Through Booker, its wholesale business, the company supplies groceries and other products to independent retailers, caterers and hospitality businesses.

The company traces its origins to 1919, when Jack Cohen began selling groceries from a market stall in London.