 Shore Capital analyst Clive Black said he thinks pressure on earnings is downward rather than upward at Tesco PLC LSE:TSCO following todays half year results and he has lowered his profit forecast for 2024 as a result. Black said he now expects a flat year-on-year outcome in 2024 with his pre-tax profit forecast coming down to 1.94 billion from 2.06 billion but is leaving his 2023 forecast unchanged at 1.98 billion. 