NEW YORK (TheStreet) -- Shares of Tractor Supply Co. (TSCO) are lower by -5.51% to $58 in pre-market trading today, continuing a decline from Wednesday's after-hours session following the company's preliminary 2014 second quarter results which are below analysts' expectations.
For the 2014 second quarter, the retail farm and ranch store operator reported an 8.8% sales growth to $1.58 billion, over the prior year's second quarter. Analysts polled by Thomson Reuters had estimated revenue of $1.6 billion.
The company is expecting EPS to be between 94 cents and 95 cents per share, compared to the consensus estimate of $1.02 per share.
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Based on its preliminary second quarter performance Tractor Supply is now expecting its 2014 full year results to be "at the low end" of its previously guided estimates of net sales between $5.62 and $5.70 billion, a growth of 2.5% to 4% in comparable store sales, and $2.54 to $2.62 in diluted earnings per share.
Tractor Supply intends to release its 2014 second quarter results on July 23, after the close.
Separately, 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."