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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Company Overview - Casey's General Stores (CASY) is a stock within the Retail-Wholesale sector, which consists of 212 individual stocks and holds a Zacks Sector Rank of 11 [2] - The Zacks Rank is a stock-picking model that focuses on earnings estimates and revisions, with CASY currently holding a Zacks Rank of 2 (Buy) [3] Performance Analysis - Over the past 90 days, the Zacks Consensus Estimate for CASY's full-year earnings has increased by 3.4%, indicating improved analyst sentiment and a more positive earnings outlook [4] - Year-to-date, CASY has returned approximately 21.7%, outperforming the Retail-Wholesale sector's average return of 10.9% [4] - In comparison, another stock in the Retail-Wholesale sector, 1stdibs.com (DIBS), has a year-to-date return of 19.2% and a Zacks Rank of 2 (Buy) [5] Industry Context - Casey's General Stores is part of the Retail - Convenience Stores industry, which currently ranks 1 in the Zacks Industry Rank, with an average year-to-date gain of 21.7% [6] - In contrast, 1stdibs.com belongs to the Internet - Commerce industry, ranked 88, with a year-to-date increase of 17.3% [6] Investment Outlook - Investors interested in Retail-Wholesale stocks should monitor Casey's General Stores and 1stdibs.com for continued strong performance [7]

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 ...

Financial Data and Key Metrics Changes - Total revenue for the quarter was $3.3 billion, a decrease of $3 million or 0.1% from the prior year, primarily due to lower retail fuel prices [5] - Net income was $86.9 million, a decrease of 13.2% from the prior year, and EBITDA for the quarter was $217.6 million, a decrease of 1.9% [91] - Diluted EPS finished at $2.33 per share, a 13% decrease from the prior year [16] - Operating expenses were up 10.3% versus the prior year, but only 2.5% on a same-store basis excluding credit card fees [4] Business Line Data and Key Metrics Changes - Inside same-store sales were up 4.1% for the third quarter or 9.9% on a two-year stack basis, with an average margin of 41.3% [3] - Prepared food and dispensed beverage sales rose by $36 million to $349 million, an increase of 11.4% [89] - Same store grocery and general merchandise sales were up 2.8% or 8.8% on a two-year stack basis, with an average margin of 33.9%, a decrease of approximately 10 basis points from the prior year [17] Market Data and Key Metrics Changes - Retail fuel sales were down $106 million in the third quarter, as an 11% decline in the average retail price of fuel was partially offset by a 6.9% increase in fuel gallons sold [19] - Fuel margin for the quarter was 37.3 cents per gallon, down 3.4 cents per gallon from the prior year [20] - Same store gallons sold were nearly flat, with a fuel margin of 37.3 cents per gallon, marking the 11th consecutive quarter with fuel margins above 34.5 cents per gallon [103] Company Strategy and Development Direction - The company is committed to adding 350 stores by the end of fiscal 2026, utilizing both new store construction and M&A strategies [43] - The prepared food program continues to drive strong results, providing a unique competitive advantage in the industry [10] - The company is focused on operational efficiency, with a continuous improvement team working to reduce same-store labor hours for seven consecutive quarters [94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategic plan, highlighting abundant growth opportunities [95] - The company noted that the consumer has proven to be resilient, with no significant changes in spending behavior observed [145] - Management expects to finish the year at the high end of their annual outlook range, driven by discretionary fourth-quarter contributions and strong performance [9] Other Important Information - The company repurchased approximately $30 million of stock during the quarter, with $310 million remaining on its existing share repurchase authorization [8] - The balance sheet remains strong, with total available liquidity of $1.1 billion and no significant maturities until fiscal 2026 [21] Q&A Session Summary Question: Can you discuss the integration of recent acquisitions? - The integration team has developed an efficient process for integrating smaller acquisitions, allowing for quicker implementation of prepared foods [36] Question: What is the outlook for fuel margins? - Fuel margins have been slightly lower than the prior year, but the company maintains a balanced approach between volume and margin [31][56] Question: How is the company addressing input costs and pricing? - The company is focused on forward buying cheese to lock in favorable pricing, expecting modest benefits in the upcoming quarters [28][50] Question: What are the expectations for prepared food sales growth? - Recent innovations in the prepared food segment have driven strong sales, with a focus on maintaining competitive pricing compared to QSRs [124] Question: How is the company managing operating expenses? - The company has successfully reduced unproductive labor hours, contributing to lower operating expenses while maintaining high guest satisfaction [51][117]

Casey's General Stores, Inc. (CASY) reported mixed third-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. The company demonstrated strength in inside same-store sales, underscoring its ability to engage customers effectively.A Closer Look at ResultsCasey's, one of the leading convenience store chains in the United States, posted quarterly earnings of $2.33 per share, which surpassed the Zacks Consensus Estimate of $2.20 per share. Th ...