Tesco (TSCDY) Set to Post Quarterly Earnings on Thursday

Tesco (OTCMKTS:TSCDY) is projected to announce its results before the market opens on Thursday, October 8th. Analysts expect the company to announce earnings of $0.6360 per share and revenue of $49.5609 billion for the quarter.

Tesco Stock Performance

TSCDY stock opened at $18.68 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a 50-day moving average price of $19.07 and a 200-day moving average price of $18.95. Tesco has a 12 month low of $16.65 and a 12 month high of $20.54.

Analyst Ratings Changes

TSCDY has been the subject of a number of research reports. Erste Group Bank cut Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley restated an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.