Erste Group Bank Weighs in on Tesco FY2027 Earnings

Key Points

• Erste Group Bank initiated FY2027 earnings coverage on Tesco with an estimate of $1.26 EPS, which matches the current consensus. The firm also projected $1.36 EPS for FY2028 and kept a Buy rating on the stock.
• Other analysts have remained generally positive on Tesco, including Citigroup starting coverage with a Buy and Deutsche Bank reiterating a Buy. Overall, Tesco has five Buy ratings and two Hold ratings, giving it a consensus rating of Moderate Buy.
• Tesco shares opened at $19.11, near the top of their 52-week range of $14.56 to $20.54. The stock also shows a quick ratio of 0.39 and a debt-to-equity ratio of 0.47.

Tesco PLC (OTCMKTS:TSCDY - Free Report) - Equities research analysts at Erste Group Bank issued their FY2027 earnings estimates for Tesco in a research note issued on Tuesday, May 5th. Erste Group Bank analyst H. Engel forecasts that the company will earn $1.26 per share for the year. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Tesco's current full-year earnings is $1.26 per share. Erste Group Bank also issued estimates for Tesco's FY2028 earnings at $1.36 EPS.

TSCDY has been the topic of several other reports. Citigroup assumed coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a "buy" rating on the stock. Zacks Research raised Tesco from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Tesco in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Tesco Stock Performance

Shares of TSCDY stock opened at $19.11 on Monday. Tesco has a 52 week low of $14.56 and a 52 week high of $20.54. The company has a 50-day simple moving average of $19.35 and a 200 day simple moving average of $18.55. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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.

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