FY2028 EPS Estimates for Tesco Boosted by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Analysts at Erste Group Bank raised their FY2028 earnings estimates for Tesco in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the company will post earnings per share of $1.35 for the year, up from their prior forecast of $1.34. 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.

Other equities analysts have also issued research reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Citigroup initiated coverage on Tesco in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Tesco currently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Shares of TSCDY opened at $19.07 on Tuesday. The firm has a 50 day simple moving average of $18.85 and a two-hundred day simple moving average of $18.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. Tesco has a one year low of $16.56 and a one year high of $20.54.

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.