FOR IMMEDIATE RELEASE Casey's General Stores, Inc. One SE Convenience Blvd Ankeny, IA 50021 Fourth Quarter 2024 Key Highlights Fiscal Year 2024 Key Highlights | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|-------|------------------------------------|-------------|---------------------------------|-------|------------------------------------|-------------|------------------------------| | Net income (in thousands) | $ | Three Months \n2024 \n87,020 | Ended \n$ | ...

Core Viewpoint - The company is expected to report an increase in revenues and earnings per share for the fourth quarter of fiscal 2024, driven by strong performance in high-margin segments and strategic expansion initiatives [9][11]. Revenue Expectations - The Zacks Consensus Estimate for Casey's revenues is pegged at $3,482 million, indicating a 4.6% rise compared to the same period last year [9]. - The grocery and general merchandise category is anticipated to see an 8.8% increase in sales, while the prepared food and dispensed beverage segment is projected to grow by 12.2% [2]. Earnings Per Share - The earnings per share for the fourth quarter is estimated at $1.70, reflecting a 14.1% increase from the prior-year period, despite a slight decrease in the estimate over the past week [1]. Operating Expenses - Operating expenses are expected to rise by 9% in the final quarter, which may pose challenges to profit margins [3]. Company Performance Metrics - Casey's has a trailing four-quarter earnings surprise of 12% on average, with the last reported quarter exceeding the Zacks Consensus Estimate by 5.9% [10]. - The company has an Earnings ESP of -8.04% and a Zacks Rank of 4 (Sell), indicating a less favorable outlook for an earnings beat this time [13]. Strategic Initiatives - Ongoing expansion through new store openings and acquisitions, along with the implementation of innovative technologies, is expected to enhance operational efficiency and broaden the customer base [12]. - The company's focus on high-margin segments and effective pricing strategies is anticipated to bolster profitability [11].

In its upcoming report, Casey's General Stores (CASY) is predicted by Wall Street analysts to post quarterly earnings of $1.70 per share, reflecting an increase of 14.1% compared to the same period last year. Revenues are forecasted to be $3.48 billion, representing a year-over-year increase of 4.6%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial e ...

Core Viewpoint - The market anticipates Casey's General Stores (CASY) to report a year-over-year increase in earnings driven by higher revenues for the quarter ending April 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for Casey's upcoming quarterly earnings is $1.72 per share, reflecting a year-over-year increase of +15.4% [3]. - Expected revenues for the quarter are $3.46 billion, which is a 3.9% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.13% lower, indicating a reassessment by analysts regarding the company's earnings prospects [3]. - The Most Accurate Estimate for Casey's is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -18.61%, suggesting a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - Stocks with a positive Earnings ESP and a solid Zacks Rank have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Casey's exceeded the expected earnings of $2.20 per share by delivering $2.33, resulting in a surprise of +5.91% [12]. - Over the past four quarters, Casey's has beaten consensus EPS estimates three times [13]. Conclusion - Despite the potential for an earnings beat, Casey's current combination of a negative Earnings ESP and a Zacks Rank of 4 makes it challenging to predict a positive outcome for the upcoming earnings report [10][11].

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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Casey's General Stores (CASY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Casey's General Stores is a member of the Retail-Wholesale sector. This group includes 212 individual stocks and currently ...

One stock to keep an eye on is Casey's General Stores (CASY) . CASY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 23.47, while its industry has an average P/E of 23.55. Over the last 12 months, CASY's Forward P/E has been as high as 24.86 and as low as 20.20, with a median of 22.13. Investors will also notice that CASY has a PEG ratio of 2.41. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a compan ...

Casey's General Stores, Inc. (CASY) has been strengthening its place in the industry through a resilient business operating model, stellar omnichannel capabilities, expanded customer outreach and exclusive private-label offerings. Driven by an unwavering commitment to guest-centered convenience and restaurant-quality food, Casey's endeavors to carve out a unique niche in the market.Decoding Casey's StrategiesCasey's shines brightly in the retail landscape, thanks to its ingenious pricing and product optimiz ...

Key PointsCintas is a leader in value-building and increased its share price by quadruple digits because of it.UniFirst is following in Cintas' footsteps: similar gains are in store over the next decade. Williams-Sonoma and Casey's General Stores are also value-building stocks income investors can buy and forget about.5 stocks we like better than CintasInvesting in business growth, acquisitions, improving margins, cash flow, dividends and share repurchases are among the leading drivers of shareholder value ...

Key PointsCasey's General Store had a mixed quarter, with revenue falling short, but margin strength offset the miss. Capital returns are solid and expected to continue with strength in F2025.Analysts' activity is mixed but lifted the consensus target by 7.5%, leading the market to fresh highs. 5 stocks we like better than Casey's General StoresCasey’s General Store NASDAQ: CASY peaked ahead of its FQ3 release and is correcting afterward, but don’t think the sell-off will continue for long. The company’s re ...