Tractor Supply (TSCO) Q2 Earnings and Revenues Lag Estimates

Company Performance - Tractor Supply reported quarterly earnings of $3.93 per share, slightly missing the Zacks Consensus Estimate of $3.94 per share, but showing an increase from $3.83 per share a year ago [1] - The company posted revenues of $4.25 billion for the quarter ended June 2024, which was 0.77% below the Zacks Consensus Estimate and an increase from $4.18 billion year-over-year [2] - The earnings surprise for the latest quarter was -0.25%, while the company had previously exceeded consensus EPS estimates three times in the last four quarters [9][10] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $3.51 billion, and for the current fiscal year, it is $10.33 on revenues of $14.98 billion [6] - The estimate revisions trend for Tractor Supply has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [5] Industry Context - The Retail - Miscellaneous industry, to which Tractor Supply belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [7] - The performance of Tractor Supply's stock may be influenced by the overall outlook of the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [7] Stock Performance - Tractor Supply shares have increased approximately 22.1% since the beginning of the year, outperforming the S&P 500's gain of 13.8% [11] - The future price movement of the stock will largely depend on management's commentary during the earnings call [11]