uploads///Consensus Earnings Estimate versus Actual Results

Tractor Supply’s 3Q15 Earnings Beat Estimates


Nov. 20 2020, Updated 11:22 a.m. ET

Earnings review

Tractor Supply Company (TSCO) reported its 3Q15 earnings after the market closed on October 21, 2015. When the market opened the next day, the stock rose by 5.5% due to the strong performance in 3Q15. The company reported EPS (earnings per share) of $0.64. This was a rise of 16.4% over $0.55 reported a year ago. Wall Street had a consensus estimate of $0.63, but the result came with a surprise of 2.1%. The company has a history of exceeding expectations. It has beaten the consensus earnings estimates seven times out of the last eight earnings releases.

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Company overview

Tractor Supply operates as a specialist in rural lifestyle retail stores in the US. The company operates in a niche market supplying the needs of recreational farmers and ranchers as well as tradesmen and other small businesses. As of fiscal 2014, it operated 1,382 stores around 49 states under the names of Tractor Supply, Del’s Feed and Farm Supply, and HomeTown Pet.

Company’s peers

Tractor Supply operates in a niche market. As a result, its peers vary from houseware and home furnishing retailers like Williams-Sonoma (WSM), Rona (RON), and Bed Bath & Beyond (BBBY) to automotive retailers like Genuine Parts (GPC).

Tractor Supply forms a significant part of the PowerShares DWA Consumer Cyclicals Momentum ETF (PEZ) and the Agribusiness ETF (MOO) with exposure of around 3.6% and 3.5%, respectively.

In the next part, we’ll look at Tractor Supply’s top line performance.


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