Erste Group Bank Analysts Lower Earnings Estimates for Tesco

Tesco PLC (OTCMKTS:TSCDY) – Equities researchers at Erste Group Bank cut their FY2027 earnings estimates for shares of Tesco in a research note issued to investors on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $1.23 per share for the year, down from their previous estimate of $1.24. Erste Group Bank currently 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.

A number of other research firms also recently commented on TSCDY. Morgan Stanley began coverage on shares of Tesco in a report on Monday, May 18th. They set an “overweight” rating on the stock. Citigroup assumed coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

Shares of TSCDY opened at $18.36 on Wednesday. The company has a 50-day simple moving average of $18.64 and a 200-day simple moving average of $18.61. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. Tesco has a 52-week low of $16.27 and a 52-week high of $20.54.

About Tesco

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.