Analyst consensus

The information on this page was published on 21 November 2014 and pre-dates the RNS statement on 9 December 2014 (Trading Update)

 

The forecasts in this analysis have been gathered for Tesco PLC through Vuma Consensus, an independent website, from a number of registered investment analysts.

 

The information on this page was consolidated on 21 November 2014.

    Forecast
    2014/15
year to
Feb 15
2015/16
year to
Feb 16
2016/17
year to
Feb 17
Estimates   18 18 18
Group Revenue (ex VAT, inc petrol £m)*   61,738 61,685 62,578
High   62,608 62,683 64,159
Low   60,805 59,609 58,797
Group Trading Profit (£m)   1,937 1,781 1,933
High   2,227 2,208 2,411
Low   1,800 1,109 1,495
Statutory Profit before Tax (£m)   1,131 1,327 1,493
High   1,931 1,972 2,193
Low   (156) - -
Underlying Profit before Tax (£m)   1,654 1,475 1,650
High   1,998 1,960 2,193
Low   1,471 794 1,205
Underlying diluted EPS (p)**   15.95 14.14 15.86
High   18.55 19.18 21.44
Low   13.99 7.62 11.88
Dividend per share (p)   4.04 4.26 4.67
High   8.76 9.06 10.12
Low   1.16 - -
  • * Revenue (ex VAT) is stated before the impact of IFRIC 13
  • ** Underlying diluted earnings per share (p)

The forecasts in this analysis have been gathered for Tesco PLC through Vuma Consensus, an independent website, from a number of registered investment analysts and are, as such, publicly available information. Tesco PLC has not commented on any individual forecasts nor does it intend to do so in the future. Vuma Financial Limited has had no access to Tesco's internal budgets, forecasts or information which is not generally available. Tesco is not regulated by the Financial Conduct Authority and cannot offer investment advice. It should be noted that forecasts are by definition forward looking and are therefore subject to risks and uncertainties that may materially affect eventual results. Although Tesco will endeavour to procure that the information is kept updated, Tesco assumes no obligation to update or revise such information to reflect circumstances existing after the date hereof. Nothing in this analysis should be taken as a recommendation to buy or sell shares in Tesco or to take any other action or place any reliance on the analysis.

Neither Tesco nor any subsidiary undertaking or any director, officer or employee of Tesco accepts any responsibility for the accuracy of the forecasts used in this analysis and therefore shall have no liability whatsoever for the consequences of any reliance or actions taken or not taken based on any of the information in this analysis.

Tesco PLC would like to thank the following investment banks and brokers:

  • Barclays Capital
  • Bank of America Merrill Lynch
  • Citi
  • Deutsche Bank
  • Exane
  • Goldman Sachs
  • Grupo Santander
  • HSBC
  • Jefferies
  • J.P. Morgan Cazenove
  • Kepler Capital Markets
  • Macquarie
  • Morgan Stanley
  • Nomura
  • Oriel Securities
  • Redburn
  • Sanford Bernstein
  • Shore Capital

The information on this page was consolidated on 21 November 2014.