In February 2019, Tesco PLC ( LON:TSCO ) announced its earnings update. Overall, analyst forecasts seem fairly subdued, as a 18% rise in profits is expected in the upcoming year, relative to the higher past 5-year average growth rate of 39%. With trailing-twelve-month net income at current levels of UK£1.3b, we should see this rise to UK£1.6b in 2020. Below is a brief commentary around Tesco's earnings outlook going forward, which may give you a sense of market sentiment for the company. Investors wanting to learn more about other aspects of the company should research its fundamentals here.