The retailer announced that second quarter sales grew 8.8% from the year-ago quarter to $1.58 billion, analysts surveyed by Thomson Reuters expects $1.6 billion in sales. Tractor Supply expects EPS of 94 cents to 95 cents a share in the quarter, below a consensus estimates of $1.02 a share.
Tractor Supply said it now expects full-year 2014 results in the low end of previous estimates, with $5.62 billion to $5.7 billion in revenue, 2.5%to 4% comparable store sales, and EPS of $2.54 to $2.62 a share. Analysts expect revenue of $5.67 billion and earnings of $2.62 a share for the year.
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TheStreet Ratings team rates TRACTOR SUPPLY CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRACTOR SUPPLY CO (TSCO) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."