Tesco (LON: TSCO) share price has moved sideways in the past few weeks as the recent spectacular rally takes a breather. After peaking at 370p in September, the stock has retreated slightly to 360p.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Asda's market share fell further towards Aldi in the three months to September as Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) increased their leading positions. Figures from Kantar showed that declining sales at Asda meant its market share fell from 13.7% to 12.6% year on year over the 12 weeks to September 29.
I downgrade Tesco stock from buy to hold as its valuation has caught up with near-term growth expectations despite strong fundamentals and market share gains. TSCDY's recent results showed robust revenue and profit growth, with significant market share gains in the UK and ROI, validating its performance potential. The retail media segment presents a promising growth opportunity, but I need more qualitative data to gain confidence in its impact on earnings.
Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Wal-Mart de Mexico SAB de CV (WMMVY). But which of these two stocks offers value investors a better bang for their buck right now?
Tesco PLC (LSE:TSCO) impressed investors and analysts with its interim results on Thursday, which included a small upward tweak to its full-year profit guidance. The results were "strong" said UBS, most notably group adjusted profits of £1.65 billion comfortably beating consensus forecasts of £1.53 billion.
Tesco PLC (LSE:TSCO) nudged up its full-year profit guidance as it grew its share of the UK grocery market and despite slower sales growth in the second quarter. Retail like-for-like sales grew 2.9% in the 26 weeks to 24 August, down from the 3.4% rate seen in the first quarter.
Tesco , Britain's biggest supermarket group, on Thursday raised its profit guidance for the year as it reported a 10% increase in first-half core profit that reflected market share gains.
Tesco PLC (LSE:TSCO) half-year update is expected to show the group's growing dominance of the UK grocery business reflected in its numbers. UBS sees the UK's number one supermarket posting underlying profits of £1.54 billion, up 6%, while on the revenue front good volume growth to be offset by the recent drop in food prices.
Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) have been called out for misleading customers over in-store plastic recycling schemes. Tracking of soft plastics placed in the supermarket's recycling stations between July 2023 and last February found most waste ended up being burned, according to campaigner Everyday Plastic and the Environmental Investigation Agency (EIA).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Tesco PLC (TSCDY) have what it takes to be a top stock pick for momentum investors? Let's find out.