Zacks Research Forecasts Higher Earnings for Tractor Supply

Key Points

• Zacks raised its FY2026 EPS forecast to $1.95 from $1.93, slightly above the $1.94 consensus, while maintaining a Hold rating.
• The outlook was mixed: Zacks cut estimates for several later periods, including FY2027 EPS to $2.05 from $2.09 and FY2028 to $2.31 from $2.45.
• Tractor Supply beat quarterly expectations, reporting EPS of $0.43 versus $0.41 expected and revenue of $3.91 billion, up 5.1% year over year. Analysts overall rate the shares Hold, with an average price target of $38.62.

Tractor Supply Company (NASDAQ:TSCO - Free Report) - Analysts at Zacks Research increased their FY2026 earnings per share estimates for Tractor Supply in a research note issued to investors on Wednesday, November 4th. Zacks Research analyst Team now anticipates that the specialty retailer will post earnings of $1.95 per share for the year, up from their previous estimate of $1.93. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Tractor Supply's current full-year earnings is $1.94 per share. Zacks Research also issued estimates for Tractor Supply's Q4 2026 earnings at $0.40 EPS, Q1 2027 earnings at $0.33 EPS, Q2 2027 earnings at $0.80 EPS, Q3 2027 earnings at $0.47 EPS, Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $2.05 EPS, Q1 2028 earnings at $0.37 EPS, Q2 2028 earnings at $0.88 EPS, Q3 2028 earnings at $0.55 EPS and FY2028 earnings at $2.31 EPS.

TSCO has been the topic of a number of other research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Piper Sandler set a $35.00 price objective on shares of Tractor Supply in a research report on Friday, October 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $40.00 price objective (up from $38.00) on shares of Tractor Supply in a research note on Friday, October 23rd. Robert W. Baird increased their target price on shares of Tractor Supply from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, October 23rd. Finally, Weiss Ratings raised Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, September 28th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.62.

Tractor Supply Trading Up 4.2%

NASDAQ:TSCO opened at $36.58 on Thursday. The company has a fifty day moving average of $33.30 and a 200 day moving average of $38.04. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $56.94. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $19.18 billion, a P/E ratio of 19.67, a P/E/G ratio of 3.64 and a beta of 0.49.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business's revenue was up 5.1% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Tractor Supply by 38.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 42,996 shares of the specialty retailer's stock worth $1,364,000 after acquiring an additional 11,886 shares in the last quarter. Palisade Asset Management LLC increased its stake in shares of Tractor Supply by 12.1% during the third quarter. Palisade Asset Management LLC now owns 216,241 shares of the specialty retailer's stock valued at $6,766,000 after purchasing an additional 23,293 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Tractor Supply by 0.6% during the third quarter. Parallel Advisors LLC now owns 55,171 shares of the specialty retailer's stock valued at $1,726,000 after purchasing an additional 348 shares in the last quarter. Guidance Capital Inc. lifted its holdings in shares of Tractor Supply by 6.2% during the third quarter. Guidance Capital Inc. now owns 27,239 shares of the specialty retailer's stock valued at $852,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in shares of Tractor Supply during the third quarter valued at approximately $38,172,000. 98.72% of the stock is currently owned by institutional investors.

Key Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $1.95 from $1.93, and made smaller increases to estimates for Q3 2027, Q4 2027 and Q3 2028.
• Neutral Sentiment: Tractor Supply’s Hometown Heroes events recognize local veterans, military members and first responders across nearly 2,500 communities. The community initiative is positive for visibility but is unlikely to materially affect earnings. Article: One Day, Nearly 2,500 Communities: Tractor Supply Celebrates Hometown Heroes Nationwide Article: Tractor Supply stores in Idaho to host Hometown Heroes Day
• Negative Sentiment: Zacks lowered estimates for several periods, including FY2027 EPS to $2.05 from $2.09 and FY2028 to $2.31 from $2.45. It also cut estimates for Q4 2026, Q1 and Q2 2027, and Q1 and Q2 2028. The broad set of reductions suggests a softer earnings outlook and may weigh on sentiment, despite the increases elsewhere.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.

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