Casey's Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Casey's General Stores, Inc. is expected to report strong earnings growth in the upcoming second quarter, with analysts projecting earnings per share to rise to $5.20 from $4.85 year-over-year, alongside a significant revenue increase to $4.5 billion from $3.95 billion [1]. Group 1: Earnings and Revenue - For the second quarter, Casey's is anticipated to report earnings of $5.20 per share, an increase from $4.85 per share in the same quarter last year [1]. - The consensus estimate for Casey's quarterly revenue is $4.5 billion, compared to $3.95 billion a year earlier [1]. - In the first quarter, Casey's reported earnings of $5.77 per share, exceeding the Street estimate of $5.07 per share, with quarterly revenue of $4.56 billion, surpassing the consensus estimate of $4.47 billion [2]. Group 2: Analyst Ratings and Price Targets - Stephens & Co. analyst Pooran Sharma maintained an Overweight rating and raised the price target from $570 to $600 [4]. - Wells Fargo analyst Edward Kelly also maintained an Overweight rating, increasing the price target from $610 to $625 [4]. - Goldman Sachs analyst Bonnie Herzog maintained a Neutral rating and raised the price target from $450 to $490 [4]. - Wells Fargo analyst Anthony Bonadio maintained an Overweight rating and increased the price target from $540 to $580 [4]. - BMO Capital analyst Kelly Bania maintained a Market Perform rating and raised the price target from $515 to $540 [4].