United

Million

April

<p>The American rural lifestyle retailer Tractor Supply Co (NASDAQ: TSCO) will be posting its Q2 2023 earnings on July 27th, 2023. The company announced a webcast prior to the earnings call along with the earnings guidance.&nbsp;</p> 
<p>Tractor Supply holds overall good financials and a seamless growth in terms of sales and expanding stores in the past years. By April 2023, the company had about 2,164 stores across 49 states in the United States. Even today, the store sales growth across the stores remains positive.&nbsp;</p> 
<p>The company holds a balanced portfolio in offerings of both need-based and demand-driven products. It sells a wide variety of products related to home improvements, agriculture, lawn and garden maintenance, livestock, pet feed, etc. The demand for the company’s products grows constantly which also secures from uncertain times.&nbsp;</p> 
<p>Tractor Supply is known for its consistent supply of dividend to the investors. Currently, it provides a $1.03 dividend, and is likely to raise the amount in future, given the growth in company earnings. For the previous quarter, it paid $113 Million in dividends.&nbsp;</p> 
<p>Recently, the company reported to revise the guidance for comparable stores sales for the whole year. It expects the sales to increase from 3.5% to 5.5%. The financial year 2023 earnings per share (EPS) is expected to stay around $10.30 to $10.60. For the second quarter, Tractor Supply expects the EPS to be $3.98.&nbsp;</p> 
<p>Earlier, the company reported the earnings and revenue below the estimates and TSCO <a href="https://www.thecoinrepublic.com/2023/07/04/doordash-inc-nyse-dash-stock-spikes-amid-food-shortage/" rel="noopener noreferrer nofollow">stock price</a> saw slight drops in the previous days.&nbsp;</p> 
<h1 class="wp-block-heading" id="strong-tractor-supply-company-tsco-stock-price-movement-strong"><strong>Tractor Supply Company (TSCO) Stock Price Movement</strong></h1> 
<p>Currently, TSCO stock price is trading at $211.16, following the slight 0.49% drop&nbsp; in the last intraday session. Prior to the Q1 2023 earnings release, it rose to attain an all time high trading price of $251 in April. Since then, the stock price has shed 15% of its value.&nbsp;</p> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" width="1024" height="460" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-1024x460.png" alt="Can Tractor Supply (TSCO) Stock Regain ATH of $251 After Earnings?" class="wp-image-153102" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-1024x460.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-300x135.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-768x345.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-1536x690.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-750x337.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161-1140x512.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-161.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; source – Tractor Supply Company (NASDAQ: TSCO) Stock Price Movement on <a href="https://www.tradingview.com/x/GMANIHrG/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Falling from the high of $251, Tractor Supply stock has dropped to take support at $206, and retraced following the dividend. Since June, the price is consolidating and the past movement shows any sudden move in the price is unlikely.&nbsp;</p> 
<p>The upcoming earnings release could set the further course for the TSCO stock price.&nbsp;</p> 
<p>Currently, the price is unlikely to make any significant move since it’s below the 50- and 200-day EMA, and both are stalling at around $219. The movement of moving averages indicates a death crossover down the line, which could trigger a price drop ahead if it does not cope up.&nbsp;</p> 
<p>Even if the price breaks immediate support and goes down $206, the price level at $200 would be crucial. In case of breaking the level again, Tractor Supply could test $180.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Can Tractor Supply (TSCO) Stock Regain ATH of $251 After Earnings?

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