Analyst consensus

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 in July 2014

    Forecast
    2014/15
year to
Feb 15
2015/16
year to
Feb 16
2016/17
year to
Feb 17
Estimates   19 19 19
Group Revenue (ex VAT, inc petrol £m)*   63,084 64,348 65,867
High   64,193 66,203 68,168
Low   62,118 62,921 64,236
Group Trading Profit (£m)   2,948 3,000 3,104
High   3,139 3,302 3,458
Low   2,714 2,606 2,733
Statutory Profit before Tax (£m)   2,711 2,740 2,854
High   2,922 3,082 3,342
Low   2,494 2,354 2,462
Underlying Profit before Tax (£m)   2,700 2,768 2,890
High   2,913 3,149 3,371
Low   2,398 2,304 2,462
Underlying diluted EPS (p)**   25.96 26.67 27.86
High   28.86 30.11 32.21
Low   22.74 22.25 23.77
Dividend per share (p)   14.09 14.21 14.60
High   14.80 15.98 17.36
Low   11.56 11.04 11.08
  • * 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:

  • Agency Partners
  • Barclays Capital
  • Bank of America Merrill Lynch
  • Citi
  • Deutsche Bank
  • Exane
  • Grupo Santander
  • HSBC
  • Jefferies International Ltd.
  • J.P. Morgan Cazenove
  • Kepler Capital Markets
  • Macquarie
  • Morgan Stanley
  • Nomura
  • Oriel Securities Ltd.
  • Redburn
  • Sanford Bernstein
  • Shore Capital Group plc
  • Societe Generale

The information on this page was consolidated in July 2014