12:27 PM EDT, 10/25/2024 (MT Newswires) -- Tractor Supply ( TSCO ) faces "limited upside potential to fundamentals near term

and an unlikely return to long-term algorithm growth," leaving 2025 earnings and revenue estimates lower, Wedbush Securities said Friday in a report.

Wedbush cuts its 2025 earnings forecast for Tractor Supply ( TSCO ) to $11.02 a share from $11.40 and reduced the revenue projection to $15.7 billion from $15.9 billion.

"A volatile macro environment" may damp sales prospects, and a return to "normal" trends isn't likely until 2026, Wedbush said.

Tractor Supply ( TSCO ) is actively working on long-term growth initiatives, including its Neighbors Club loyalty program and expansion of garden centers to boost comparable store sales. Wedbush said.

The planned purchase of Allivet, a closely held online pet pharmacy, was seen as "complementary," Wedbush said.

On Thursday, Tractor Supply ( TSCO ) reported Q3 earnings fell as revenue rose. Results were close to estimates by analysts.

Wedbush reiterated its neutral rating on Tractor Supply ( TSCO ) and kept the price target at $270.

Price: 274.81, Change: +0.52, Percent Change: +0.19