Casey’s(US:CASY) ZACKS·2024-06-10 15:15Core Viewpoint - The company is expected to report an increase in revenues and earnings per share for the fourth quarter of fiscal 2024, driven by strong performance in high-margin segments and strategic expansion initiatives [9][11]. Revenue Expectations - The Zacks Consensus Estimate for Casey's revenues is pegged at $3,482 million, indicating a 4.6% rise compared to the same period last year [9]. - The grocery and general merchandise category is anticipated to see an 8.8% increase in sales, while the prepared food and dispensed beverage segment is projected to grow by 12.2% [2]. Earnings Per Share - The earnings per share for the fourth quarter is estimated at $1.70, reflecting a 14.1% increase from the prior-year period, despite a slight decrease in the estimate over the past week [1]. Operating Expenses - Operating expenses are expected to rise by 9% in the final quarter, which may pose challenges to profit margins [3]. Company Performance Metrics - Casey's has a trailing four-quarter earnings surprise of 12% on average, with the last reported quarter exceeding the Zacks Consensus Estimate by 5.9% [10]. - The company has an Earnings ESP of -8.04% and a Zacks Rank of 4 (Sell), indicating a less favorable outlook for an earnings beat this time [13]. Strategic Initiatives - Ongoing expansion through new store openings and acquisitions, along with the implementation of innovative technologies, is expected to enhance operational efficiency and broaden the customer base [12]. - The company's focus on high-margin segments and effective pricing strategies is anticipated to bolster profitability [11].