Earnings Update: Tractor Supply Company (NASDAQ:TSCO) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Tractor Supply Company (NASDAQ:TSCO) shareholders are probably feeling a little disappointed, since its shares fell 8.3% to US$273 in the week after its latest third-quarter results. It was a credible result overall, with revenues of US$3.5b and statutory earnings per share of US$2.24 both in line with analyst estimates, showing that Tractor Supply is executing in line with expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Tractor Supply after the latest results.

See our latest analysis for Tractor Supply

Following the latest results, Tractor Supply's 29 analysts are now forecasting revenues of US$15.7b in 2025. This would be a credible 6.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.8% to US$11.12. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$15.7b and earnings per share (EPS) of US$11.18 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of US$288, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Tractor Supply, with the most bullish analyst valuing it at US$335 and the most bearish at US$220 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tractor Supply's past performance and to peers in the same industry. We would highlight that Tractor Supply's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2025 being well below the historical 12% p.a. growth over the last five years. Compare this to the 148 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.9% per year. So it's pretty clear that, while Tractor Supply's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Tractor Supply going out to 2026, and you can see them free on our platform here..

Even so, be aware that Tractor Supply is showing 1 warning sign in our investment analysis , you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.