Unlocking Q3 Potential of Tractor Supply (TSCO): Exploring Wall Street Estimates for Key Metrics

Core Insights - Wall Street analysts anticipate Tractor Supply (TSCO) to report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of 6.7% [1] - Expected revenues for the quarter are projected at $3.72 billion, which represents a 7.2% increase from the same quarter last year [1] - There has been a slight downward revision of 0.2% in the consensus EPS estimate over the past 30 days, indicating a reappraisal of initial projections by analysts [1] Earnings Estimates and Market Reactions - Changes in earnings estimates are critical for predicting potential investor reactions to the stock [2] - Empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [2] Key Metrics Projections - Analysts estimate the 'Number of stores - Petsense' to be 210, up from 205 a year ago [4] - The total 'Number of stores' is projected to reach 2,568, compared to 2,475 in the previous year [4] - The 'Number of stores - Tractor Supply' is expected to increase to 2,358 from 2,270 in the same quarter last year [4] - 'Total Selling Square Footage' is estimated at 40 million square feet, up from 39 million square feet a year ago [5] - Analysts forecast that 'New stores opened - Tractor Supply' will reach 22, compared to 16 in the same quarter last year [5] Stock Performance - Over the past month, Tractor Supply shares have recorded a return of -7.5%, while the Zacks S&P 500 composite has seen a +1.1% change [5] - Based on its Zacks Rank 3 (Hold), TSCO is expected to perform in line with the overall market in the upcoming period [5]