FY2027 EPS Estimates for Tesco Decreased by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Analysts at Erste Group Bank reduced their FY2027 earnings estimates for shares of Tesco in a research report issued to clients and investors on Monday, July 27th. Erste Group Bank analyst H. Engel now expects that the company will post earnings per share of $1.24 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 $1.26 per share. Erste Group Bank also issued estimates for Tesco’s FY2028 earnings at $1.34 EPS.

Several other analysts also recently commented on the stock. Citigroup started coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Tesco presently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

Shares of OTCMKTS:TSCDY opened at $19.94 on Friday. Tesco has a 1-year low of $16.47 and a 1-year high of $20.54. The firm’s 50 day simple moving average is $18.64 and its two-hundred day simple moving average is $18.81. 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.