Tractor Supply (TSCO) Stock Moves -0.37%: What you need to know

This story originally appeared on Zacks

Tractor Supply (TSCO) closed the last day of trading at $209.11, which is -0.37% from the previous trading session. This change was narrower than the S&P 500’s 1.89% loss on the day. Meanwhile, the Dow Jones lost 1.3% and the tech-heavy Nasdaq lost 0.17%.

– Zacks

Prior to today’s trading, shares of the retailer for farmers and ranchers had lost 8.05% over the past month. This was lower than the retail and wholesale sector’s loss of 6.12% and the S&P 500’s loss of 1.79% during this period.

Wall Street will be looking for positivity from Tractor Supply as its next earnings release date approaches. That is expected to be January 27, 2022. The company is expected to report EPS of $1.83, up 11.59% from the prior year quarter. Our most recent consensus estimate calls for quarterly revenue of $3.22 billion, up 11.83% from the prior year period.

It’s also important to note recent changes to analyst estimates for Tractor Supply. These revisions generally reflect the latest short-term trading trends, which may change frequently. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated to short-term stock prices. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. In the past 30 days, our consensus EPS projection has increased by 0.26%. Tractor Supply currently has a Zacks rank of #3 (Hold).

Digging into the valuation, Tractor Supply currently has a Forward P/E ratio of 24.49. Its industry sports an average Forward P/E of 14.28, so we can conclude that Tractor Supply is trading at a premium comparatively.

Additionally, it is worth mentioning that TSCO has a PEG ratio of 2.4. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. TSCO’s industry had an average PEG ratio of 0.63 at yesterday’s close.

The Retail – Miscellaneous industry is part of the Retail – Wholesale sector. This group has a Zacks industry ranking of 64, which places it in the top 26% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to track all of these stock movement metrics, and more, at Zacks.com.

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Tractor Supply Company (TSCO): Free Inventory Analysis Report

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