Tesco Stock Earnings Estimates Increased by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Equities research analysts at Erste Group Bank upped their FY2027 earnings estimates for shares of Tesco in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the company will earn $1.27 per share for the year, up from their previous forecast of $1.22. Erste Group Bank has a “Hold” 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 $1.37 EPS.

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

TSCDY opened at $21.45 on Wednesday. The company has a fifty day moving average price of $19.58 and a 200-day moving average price of $19.01. Tesco has a one year low of $16.65 and a one year high of $22.03.

Tesco Company Profile

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.

Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.