One Big Thing the Market Is Missing on Tractor Supply Stock
Tractor Supply Company's (NASDAQ: TSCO) fiscal fourth-quarter 2019 earnings scorecard, released Thursday, elicited a shrug from market participants, as shares were trading flat at mid-day. A tepid outlook for 2020 is partly to blame for investors' indifferent response, and indifference is perhaps a theme surrounding this company as of late. Over the last trailing 12-month period, Tractor Supply shares have appreciated just 5%, against a 23% advance in the S&P 500 index. Let's review the current quarter's results and full-year guidance, and discuss one prominent thing the markets are missing in evaluating Tractor Supply.
Note that all comparative numbers are presented against those of the prior year's quarter.
Data source: Tractor Supply Company.
Source Fool.com
