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.