Tesco FY2027 EPS Estimate Decreased by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Equities research analysts at Erste Group Bank decreased their FY2027 earnings estimates for shares of Tesco in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the company will earn $1.24 per share for the year, down from their prior estimate of $1.26. Erste Group Bank has a “Buy” 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 $1.34 EPS.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research raised shares of Tesco from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Morgan Stanley initiated coverage on shares of Tesco in a research note on Monday, May 18th. They set an “overweight” rating on the stock. Citigroup initiated coverage on shares of Tesco in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Shares of OTCMKTS TSCDY opened at $19.02 on Friday. Tesco has a 52 week low of $16.21 and a 52 week high of $20.54. The company’s 50-day moving average price is $19.01 and its 200 day moving average price is $18.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39.

About Tesco

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.