Investors might want to bet on Tesco PLC (TSCDY) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changi ...

Tesco PLC (LSE:TSCO) is expected to report “another impressive year” of trading after analysts predicted underlying profits would come in ahead of guidance. Jefferies said it reckons Tesco will report earnings of £2.76 billion, beating out company guidance of £2.75 billion and representing a 10.6% jump year-on-year. Revenues are expected to rise by 5.5% to £69.4 billion, leading to Jefferies estimating earnings per share will rise to 24.03p from 21.85p. Analysts at the US bank believe Tesco has proven over ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true v ...

Tesco is changing the way it displays its Clubcard deals after complaints they are misleading and confusing. Unit pricing will now be rolled out across all its Clubcard price labels, said the grocery chain, allowing customers to compare different-sized items to get the best deal.  Critics said that currently, it is hard for shoppers to know if they are getting a good deal or not but with unit pricing text is added underneath the selling price to enable brands and sizes to be compared. Tesco UK CEO Jason Tar ...

Investors with an interest in Retail - Supermarkets stocks have likely encountered both Tesco PLC (TSCDY) and Walmart (WMT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnin ...

Tesco's banking sale is the latest sign UK food retailers are shifting their focus back to the 'bread and butter' of their core business. Russ Mould at AJ Bell said: "We’re in an era where companies are going back to basics – focusing on what they do best and letting non-core operations either be outsourced or sold." Tesco Chief executive Ken Murphy said the transaction will significantly reduce its financial liabilities, and strengthen the balance sheet and allow "us to focus on continuing to grow our core ...

Tesco PLC (LSE:TSCO) has sold the majority of its banking operations to Barclays PLC (LSE:BARC) for up to £700 million after striking a long-term strategic partnership. Tesco will receive an initial £600 million of proceeds, with a further £100 million net cash after settlement of regulatory capital amounts and after transaction costs. The UK’s biggest food retailer said the majority of the proceeds would be returned to shareholders in the form of an incremental share buyback. Combined with the previously a ...

Tesco on Friday said it was selling the retailing banking business of Tesco Bank to Barclays for £600 million initially, and then another £100 million after the settlement of certain regulatory capital amounts and after transaction costs. The U.K. supermarket chain said it will use majority of a combined £1 billion, which also includes a special dividend previously announced from Tesco Bank, for a share buyback. It will retain insurance, ATMs, travel money and gift cards, that on a proforma basis accoun ...

Tesco PLC (LSE:TSCO) is the top pick in European Retail in a wide-ranging note by Morgan Stanley. J Sainsbury also gets an upgrade but there are downgrades for H&M, AB Foods and Kingfisher. The investment bank said its thesis for the year ahead is simple.  As price inflation moderates across geographies, top-line growth will become increasingly reliant on volumes.  “We expect retailers who are in the sweet spot to be rewarded by the market, as volume-led top-line growth should command a higher multiple and ...

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Walmart (WMT) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revi ...