Tesco FY2027 Earnings Forecast Increased by Erste Group Bank

Tesco PLC (OTCMKTS:TSCDY) – Stock analysts at Erste Group Bank lifted their FY2027 earnings estimates for Tesco in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $1.27 per share for the year, up from their prior forecast of $1.22. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share. Erste Group Bank also issued estimates for Tesco’s FY2028 earnings at $1.37 EPS.

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Tesco stock opened at $21.45 on Wednesday. The firm has a 50 day moving average price of $19.58 and a 200-day moving average price of $19.01. Tesco has a twelve month low of $16.65 and a twelve month high of $22.03.

Tesco Company Profile

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.

Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.