Erste Group Bank Brokers Boost Earnings Estimates for Tesco

Tesco PLC (OTCMKTS:TSCDY) – Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for shares of Tesco in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the company will earn $1.26 per share for the year, up from their prior forecast of $1.23. Erste Group Bank 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 $1.36 EPS.

Several other brokerages have also recently commented on TSCDY. Morgan Stanley restated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Finally, Citigroup started coverage on shares of Tesco in a research note on Tuesday, May 5th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Tesco presently has a consensus rating of “Moderate Buy”.

Tesco Stock Down 1.1%

OTCMKTS TSCDY opened at $19.33 on Monday. The firm’s 50 day moving average is $18.49 and its 200-day moving average is $18.72. 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 12-month low of $16.47 and a 12-month high of $20.54.

Tesco Company Profile

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.