For its second fiscal quarter (ending June 30), Tractor Supply Co (NASDAQ: TSCO) has reported a 3% increase in E.P.S. from $3.85 a year ago to $3.95 in the current quarter. This performance was $0.03 better than the consensus estimate of $3.92. For the latest four quarters through June 30, E.P.S. were $10.41 compared to $10.07 a year ago — an increase of 3%.
Recent Price Action
Tractor Supply Co (NASDAQ: TSCO) stock closed at $257.44 on 7/25/24 after a modest decline of -1.9%. Moreover, unusually high trading volume at 195% of normal accompanied the decline. The stock has declined -7.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TSCO is expected to continue to be a major Value Builder.
Tractor Supply has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Tractor Supply has a neutral Appreciation Score of 46 but a very high Power Rating of 89, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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