Tesco Stock Earnings Estimates Cut by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for shares of Tesco in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $1.22 per share for the year, down from their prior estimate of $1.25. Erste Group Bank 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 reissued an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Tesco currently has an average rating of “Moderate Buy”.

Tesco Stock Up 0.9%

Shares of TSCDY opened at $20.29 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a 50 day moving average price of $19.04 and a two-hundred day moving average price of $18.98. Tesco has a 52 week low of $16.65 and a 52 week high of $20.54.

Tesco Company Profile

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.