Tesco FY2028 Earnings Forecast Reduced by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Equities research analysts at Erste Group Bank decreased their FY2028 EPS estimates for Tesco in a research note issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the company will post earnings per share of $1.33 for the year, down from their prior estimate of $1.36. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.26 per share.

Separately, Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Shares of OTCMKTS TSCDY opened at $20.66 on Wednesday. The company has a 50-day moving average price of $19.07 and a 200-day moving average price of $18.99. Tesco has a 1 year low of $16.65 and a 1 year high of $20.66. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.