FY2027 EPS Estimates for Tesco Cut by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Erste Group Bank cut their FY2027 earnings per share estimates for shares of Tesco in a report issued on Thursday, June 25th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $1.23 per share for the year, down from their previous forecast of $1.24. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share. Erste Group Bank also issued estimates for Tesco’s FY2028 earnings at $1.33 EPS.

TSCDY has been the topic of a number of other research reports. Citigroup initiated coverage on Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Morgan Stanley began coverage on shares of Tesco in a research report on Monday, May 18th. They issued an “overweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Tesco Stock Down 0.1%

Tesco stock opened at $18.36 on Wednesday. The stock has a 50 day moving average of $18.64 and a two-hundred day moving average of $18.61. Tesco has a twelve month low of $16.27 and a twelve month high of $20.54. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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.