Tesco (TSCDY) to Release Quarterly Earnings on Thursday

Key Points

• Tesco will report quarterly earnings on Thursday, April 16, with analysts forecasting EPS of $0.5360 and revenue of $48.7033 billion for the quarter.
• Shares opened at $19.76 (up about 2.3%), trading in a one-year range of $12.16–$20.54, with a 50‑day SMA of $19.12 and 200‑day SMA of $18.33.
• Analyst sentiment is broadly positive—four Buy and two Hold ratings give Tesco an average rating of “Moderate Buy”, though recent notes include upgrades and downgrades from Zacks and Jefferies.

Tesco (OTCMKTS:TSCDY - Get Free Report) is expected to be issuing its resultson Thursday, April 16th. Analysts expect the company to announce earnings of $0.5360 per share and revenue of $48.7033 billion for the quarter.

Tesco Stock Up 2.3%

Shares of OTCMKTS TSCDY opened at $19.76 on Thursday. Tesco has a 1 year low of $12.16 and a 1 year high of $20.54. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. The stock's 50-day simple moving average is $19.12 and its 200-day simple moving average is $18.33.

Wall Street Analysts Forecast Growth

TSCDY has been the topic of a number of analyst reports. Zacks Research raised Tesco from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Jefferies Financial Group lowered Tesco from a "buy" rating to a "hold" rating in a report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Tesco in a report on Wednesday, December 10th. Finally, Citigroup reissued a "buy" rating on shares of Tesco in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

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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