Casey’s(CASY)
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Casey’s(CASY) - 2024 Q3 - Quarterly Report
2024-03-10 16:00
Total revenue for the third quarter of fiscal 2024 decreased by $3,308 (0.1%) over the comparable period in fiscal 2023. Prepared food and dispensed beverage revenue increased by $35,887 (11.4%), due to an increase in same-store sales of 7.5% driven by improved sales of whole pies and hot sandwiches, as well as an increase of approximately 3.9% related to store growth. Grocery and general merchandise revenue increased by $69,849 (8.8%), due to an increase of approximately 6.0% related to store growth, as we ...
Keep an Eye on this Historically Hot Retail Stock as Earnings Approach
Zacks Investment Research· 2024-03-09 03:46
With its fiscal third quarter results approaching on Monday, March 11, investors will certainly want to watch Casey’s General Stores (CASY) stock. Casey's General Stores' locations have continued to pop up throughout the Midwestern United States which has correlated with its stock outperforming the broader market for much of the last decade. Highly profitable in its convenience store and gas station combinations, Casey's General Stores is planning to open at least 150 new locations this year.As illustrated ...
Casey's General Stores (CASY) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-03-08 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Why Casey's General Stores (CASY) is a Top Stock for the Long-Term
Zacks Investment Research· 2024-03-08 15:31
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...
Why Casey's (CASY) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-03-07 18:10
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Casey's General Stores (CASY) , which belongs to the Zacks Retail - Convenience Stores industry, could be a great candidate to consider.This convenience store chain has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 23.95%.For ...
Casey's General Stores (CASY) Just Flashed Golden Cross Signal: Do You Buy?
Zacks Investment Research· 2024-03-07 15:36
Casey's General Stores (CASY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CASY broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals ...
Here's Why Casey's General Stores (CASY) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-06 15:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style S ...
Countdown to Casey's (CASY) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-03-06 15:16
Wall Street analysts expect Casey's General Stores (CASY) to post quarterly earnings of $2.06 per share in its upcoming report, which indicates a year-over-year decline of 12.7%. Revenues are expected to be $3.55 billion, up 6.7% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of thi ...
Should Value Investors Buy Casey's General Stores (CASY) Stock?
Zacks Investment Research· 2024-03-04 15:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...
Casey's Launches All-New Sandwich Line-up
Businesswire· 2024-03-04 14:00
ANKENY, Iowa--(BUSINESS WIRE)--Casey’s (Nasdaq: CASY) is filling up its warmers with all-new, delicious sandwiches prepared fresh in our stores every day. As the on-the-go guest becomes even more time-strapped, Casey’s will be there with its new, craveable and portable sandwich selection. The sandwich line-up is a first for the third largest convenience store and includes three all-new sandwiches – Crispy Chicken, Spicy Crispy Chicken and our Quarter Pound Angus Beef Burger, alongside an upgrade to a fan ...