Tractor Supply Q3 Consensus Likely Too Optimistic, Oppenheimer Says

12:57 PM EDT, 10/21/2026 (MT Newswires) -- Tractor Supply's (TSCO) Street forecasts for Q3 could be too optimistic amid intensifying macro headwinds, Oppenheimer said in a note Wednesday. The Q3 results are due Oct. 22. For Q3, the firm is expected to post an EPS $0.39, compared with Street consensus of $0.41. For 2027, Oppenheimer expects an EPS of $1.82, versus a consensus estimate of $2.03. While multiples for the stock now track near historical lows, the note pointed to high fuel costs, demand dislocations in pet products, and economic malaise in farming communities that are likely to weigh upon trends through 2026 and into 2027. The report said they could potentially render current guidance and Street forecasts too optimistic. "We view it as still too early to turn more constructive on TSCO," the report said. Oppenheimer kept a perform rating. Price: 32.75, Change: -0.16, Percent Change: -0.49