Economic Indicators - The Consumer Price Index (CPI) data for May showed inflation remained flat at 3.3% year-over-year, with a monthly change of 0% compared to a 0.3% increase in April, while Wall Street expected a 0.1% monthly gain and a 3.4% annual increase [1] - The Producer Price Index (PPI) fell by 0.2% in May, down from a 0.5% increase in April, attributed to lower energy costs [1] - The Michigan Consumer Sentiment Index (MCSI) dropped to 65.6 in June, the lowest in seven months, down from 69.1 in May, indicating consumer concerns about inflation and income [2] - The GDP growth rate for Q1 2024 was 1.3%, significantly lower than the 3.4% in Q4 2023, marking the weakest growth since spring 2022 [2] - The Federal Open Market Committee (FOMC) maintained the benchmark interest rates at 5.25-5.50%, with expectations of one rate cut this year, as inflation remains above the target of 2% [12] Dividend-Paying Companies - National Fuel Gas Company (NFG) announced a dividend of 52 cents per share, with a dividend yield of 3.6% [4] - KornFerry International (KFY) declared a dividend of 37 cents per share, with a dividend yield of 2% and a payout ratio of 31% of earnings [16][6] - Caterpillar (CAT) announced a dividend of $1.41 per share, with a dividend yield of 1.6% and a payout ratio of 24% of earnings [7][18] - Target (TGT) declared a dividend of $1.12 per share, with a dividend yield of 3.1% and a payout ratio of 49% of earnings [19][9] - Casey's General Stores (CASY) announced a dividend of 50 cents per share, with a dividend yield of 0.5% and a payout ratio of 13% of earnings [10][21] Market Performance - Major U.S. indexes, including the Dow, S&P 500, and Nasdaq, reported year-to-date returns of 3.8%, 14.8%, and 18.1%, respectively [11] Investment Strategy - In a volatile market, companies that consistently pay dividends tend to outperform non-dividend-paying stocks, making them attractive for investors seeking regular income and capital preservation [13]

Casey’s General Stores Inc. (NASDAQ:CASY) Q4 2024 Earnings Conference Call June 12, 2024 8:30 AM ET Company Participants Darren Rebelez - President, Chief Executive Officer Steve Bramlage - Chief Financial Officer Brian Johnson - Senior Vice President, Investor Relations and Business Development Conference Call Participants Michael Montani - Evercore ISI Bobby Griffin - Raymond James Anthony Bonadio - Wells Fargo Krisztina Katai - Deutsche Bank Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast ...

Casey's General Stores, Inc. (CASY) came up with fourth-quarter fiscal 2024 results, wherein the top and bottom lines not only beat the Zacks Consensus Estimate but also improved year over year. The company demonstrated strength in inside same-store sales, underscoring its ability to engage customers effectively. Furthermore, it registered another strong quarter of fuel margin. A Closer Look at Results Casey's, one of the leading convenience store chains in the United States, posted quarterly earnings of $2 ...

For the quarter ended April 2024, Casey's General Stores (CASY) reported revenue of $3.6 billion, up 8.2% over the same period last year. EPS came in at $2.34, compared to $1.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.48 billion, representing a surprise of +3.38%. The company delivered an EPS surprise of +37.65%, with the consensus EPS estimate being $1.70. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers ...

Casey's General Stores (CASY) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items. Casey's, which belongs to the Zacks Retail - Convenience Stores industry, posted revenues of $3.6 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 3.38%. This compares to year-ago revenues of $3.33 billion. The company has topp ...

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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