Erste Group Bank Brokers Reduce Earnings Estimates for Tesco

Tesco PLC (OTCMKTS:TSCDY) – Equities researchers at Erste Group Bank cut their FY2027 EPS estimates for shares of Tesco in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $1.22 per share for the year, down from their prior forecast of $1.25. 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 reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Tesco Stock Up 0.9%

OTCMKTS:TSCDY opened at $20.29 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. The firm has a fifty day simple moving average of $19.04 and a two-hundred day simple moving average of $18.98. Tesco has a 12 month low of $16.65 and a 12 month high of $20.54.

About Tesco

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.