PLC | Investors

Analyst consensus

 

 

 

2020/21

2021/22

2022/23

Estimates

 

14

14

14

Group revenue (exc. VAT, inc fuel £m)

 

58,410

59,096

59,968

High

 

59,543

60,780

61,624

Low

 

57,553

57,417

58,179

Operating profit before exceptional items and amortisation of acquired intangibles (£m)*

 

1,725

2,511

2,655

High

 

1,914

2,617

2,860

Low

 

1,643

2,383

2,509

Statutory PBT (£m)

 

891

1,779

1,907

High

 

1,226

1,967

2,084

Low

 

690

1,592

1,696

Earnings per share before exceptional items, amortisation of acquired intangibles, net pension finance costs and FV remeasurement (p)

 

10.42

18.87

20.62

High

 

11.20

20.15

22.56

Low

 

9.47

16.79

19.22

* Although we have not concluded on the accounting treatment of the repayment of business rates, we asked all analysts to adopt a consistent approach to this in order to collate a meaningful consensus. As such, numbers were submitted on the basis that the business rates relief repayment is not treated as an exceptional item.

Published on 11 March 2021

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:

Credit Suisse Securities

Exane BNP Paribas

Jefferies International Ltd

Joh. Berenberg, Gossler & Co

Kepler Cheuvreux

Morgan Stanley & Co. International PLC

Societe Generale

Shore Capital

Barclays Capital

Goldman Sachs Bank

HSBC Investment Banking

JP Morgan

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.