Casey's (CASY) Upgraded to Buy: Here's Why

Core Viewpoint - Casey's General Stores (CASY) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements [4][6]. - For the fiscal year ending April 2026, Casey's is expected to earn $17.28 per share, with a recent increase of 8.2% in the Zacks Consensus Estimate over the past three months [8]. Investment Implications - The upgrade reflects an improvement in Casey's underlying business, suggesting that investor sentiment may lead to increased stock prices [5][10]. - The Zacks Rank system maintains a balanced distribution of ratings, with only the top 20% of stocks receiving a "Strong Buy" or "Buy" rating, indicating that Casey's is positioned for potential market-beating returns [9][10].