Tractor Supply Company (TSCO) earnings on July 23, 2026

Before the market opens Q2 2026

More Tractor Supply Company earnings

Prior outlook: Pessimistic Outcome: Partial

Tractor Supply shares rose 3% despite lowering its profit forecast, as management's comments on long-term demand reassured investors.

TSCO price around the earnings

30.32

Change: +3.3%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
28.71 29.49 30.26 31.04 29.36
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Weak earnings history with consecutive misses and negative recent trend strength, compounded by recent analyst PT cut.

Context analyzed before publication

Trend
Sharp deterioration from -45.5 to -92.6 over 6 days; negative trajectory accelerating into earnings.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.1
Analysts covering the stock
27
Average price target
38.48
Lowest price target
32
Highest price target
50
Upside to price target
31.1%
Quarterly earnings growth
-8.3%
Revenue growth
3.6%
Forward EPS
2.2
Trailing EPS
2.01
Analyst moves in the last 60 days
10
  • Strong buy: 2
  • Buy: 12
  • Hold: 15
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
12
Hold
15
Sell
0
Strong sell
0
  • July 20, 2026 · Baird: Maintains rating (Outperform → Outperform)
  • July 17, 2026 · Raymond James: Maintains rating (Outperform → Outperform)
  • July 15, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 14, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 14, 2026 · Telsey Advisory Group: Maintains rating (Outperform → Outperform)
  • July 14, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 9, 2026 · Mizuho: Downgrades rating (Outperform → Neutral)
  • July 7, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
  • June 22, 2026 · DA Davidson: Maintains rating (Buy → Buy)
  • June 16, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Neutral
Mentions
0
News
Sources (8)

Technicals

Evidence

Average true range (ATR)
3.4%
Distance to 52-week high
-52.3%
14-day change (14d)
-0.5%
30-day change (30d)
-1.3%
30-day relative strength
-1.7%
SPY change (30d)
+0.4%
Nearest support
29.38
Nearest resistance
29.61
Volume accumulation ratio (14d / 46d)
0.73

Trends

Evidence

Average earnings surprise
-3.5%
  • April 21, 2026: actual EPS 0.31 vs estimate 0.34 (surprise -9.4%)
  • January 29, 2026: actual EPS 0.43 vs estimate 0.46 (surprise -7.2%)
  • October 23, 2025: actual EPS 0.49 vs estimate 0.48 (surprise +1.7%)
  • July 24, 2025: actual EPS 0.81 vs estimate 0.8 (surprise +1.0%)

Expected move

Implied move
+8.0%
Source
Options chain

Reactions over its last 19 earnings

Median move
4%
75th percentile move
4.7%
90th percentile move
6.4%
Up / down moves
7 / 12
Average up move
+3.6%
Average down move
-4.3%

Monitoring and close

What Tractor Supply Company reported

Status
Finished
Actual EPS0.81
EPS estimate0.82
EPS surprise-1.2%
Revenue$4,541 million
Revenue estimate$4,580 million
Revenue surprise-0.9%

Tractor Supply reported Q2 revenue below estimates and cut its outlook, raising pessimism about near-term growth.

Sources (18)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Partial
Consolidated
+3.3%
Max favorable move (MFE)
2.3%
Max adverse move (MAE)
7.3%