Tesco FY2028 Earnings Forecast Decreased by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Equities research analysts at Erste Group Bank cut their FY2028 earnings estimates for shares of Tesco in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the company will earn $1.33 per share for the year, down from their previous forecast of $1.36. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.26 per share.

Separately, Morgan Stanley restated 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 company’s stock. According to MarketBeat, Tesco currently has a consensus rating of “Moderate Buy”.

Tesco Trading Up 1.8%

Shares of TSCDY stock opened at $20.66 on Wednesday. The firm has a 50-day moving average of $19.07 and a 200-day moving average of $18.99. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. Tesco has a one year low of $16.65 and a one year high of $20.66.

Tesco Company Profile

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.