Casey's General Stores (CASY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Casey's General Stores despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $4.50 per share, reflecting a -0.4% change year-over-year, while revenues are projected to be $4.11 billion, an increase of 6.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.35% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Casey's is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.21%, suggesting a likely earnings beat [10]. Historical Performance - In the last reported quarter, Casey's exceeded expectations by delivering earnings of $2.34 per share against an expected $1.70, achieving a surprise of +37.65% [11]. The company has beaten consensus EPS estimates in all of the last four quarters [12]. Investment Considerations - While Casey's shows potential as an earnings-beat candidate, other factors should also be considered when making investment decisions [15].