Analyst consensus

 

		2018/19	2019/20	2020/21
Estimates		15	15	15
Group revenue (exc. VAT, inc fuel £m)		64,520	65,919	67,227
High		65,573	67,535	68,524
Low		64,044	64,957	66,169
Operating profit before exceptional items (£m)		2,080	2,415	2,603
High		2,160	2,616	2,845
Low		2,027	2,224	2,312
Statutory PBT (£m)		1,580	2,008	2,240
High		1,767	2,244	2,512
Low		1,384	1,735	1,872
Diluted EPS before exceptional items, net pension finance costs and FV remeasurements (p)		14.12	17.16	19.14
High		14.93	18.92	21.33
Low		12.92	15.06	16.13

Please note that any opinions, estimates or forecasts regarding Tesco PLC performance made by the contributing analysts to the above consensus are theirs alone and are not reported, endorsed or reviewed by the company.

Tesco PLC would like to thank the following investment banks:

Bank of America, Merrill Lynch
Barclays
Berenberg
Bernstein
Citi
Credit Suisse
Deutsche Bank
Exane
Goldman Sachs
HSBC
Jefferies
JP Morgan
Kepler Cheuvreux
Shore Capital
UBS

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. Tesco will endeavour to ensure that the information is updated promptly. 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.