Erste Group Bank Analysts Raise Earnings Estimates for Tesco

Tesco PLC (OTCMKTS:TSCDY) – Analysts at Erste Group Bank boosted their FY2027 EPS estimates for Tesco in a report released on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $1.26 per share for the year, up from their previous estimate of $1.23. 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 $1.36 EPS.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Citigroup assumed coverage on Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Tesco Stock Performance

OTCMKTS TSCDY opened at $19.30 on Monday. Tesco has a 1 year low of $16.47 and a 1 year high of $20.54. The business’s fifty day moving average is $18.50 and its two-hundred day moving average is $18.73. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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.