Tractor Supply (TSCO) Q3 Earnings Report Preview: What To Look For

Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be reporting earnings tomorrow before the bell. Here’s what to expect.

Tractor Supply met analysts’ revenue expectations last quarter, reporting revenues of $4.25 billion, up 1.5% year on year. It was a satisfactory quarter for the company, with optimistic earnings guidance for the full year.

Is Tractor Supply a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Tractor Supply’s revenue to grow 2.1% year on year to $3.48 billion, slowing from the 4.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.24 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Tractor Supply’s peers in the consumer retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Walgreens Boots Alliance delivered year-on-year revenue growth of 6%, beating analysts’ expectations by 5.6%, and CarMax reported flat revenue, topping estimates by 2.7%. Walgreens Boots Alliance traded up 23.4% following the results while CarMax was also up 3.8%.

Read our full analysis of Walgreens Boots Alliance’s results here and CarMax’s results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the consumer retail stocks have fared somewhat better, they have not been spared, with share prices down 4.6% on average over the last month. Tractor Supply is up 5.1% during the same time and is heading into earnings with an average analyst price target of $284.62 (compared to the current share price of $291.60).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.