Earnings Preview: Casey's General Stores

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On Tuesday, September 8, Casey's General Stores CASY will release its latest earnings report. Benzinga's outlook for Casey's General Stores is included in the following report.

Earnings and Revenue

Wall Street analysts see Casey's General Stores reporting earnings of $2.11 per share on revenue of $2.10 billion. Casey's General Stores earnings in the same period a year ago was $2.31 per share. Quarterly sales came in at $2.63 billion. If the company were to report inline earnings when it publishes results Tuesday, earnings would be down 8.66%. Sales would be down 19.32% from the same quarter last year. Casey's General Stores's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate 1.79 0.89 2.14 2.02
EPS Actual 1.67 0.91 2.21 2.31
Revenue Estimate 1.76 B 2.29 B 2.53 B 2.59 B
Revenue Actual 1.81 B 2.25 B 2.49 B 2.63 B

Stock Performance

Over the last 52-week period, shares are up 3.58%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Analysts have developed a neutral outlook on the upcoming earnings release over the past few days versus 90 days ago. The general EPS consensus estimate since that time has moved up 17.88%. Given these returns, long-term shareholders are feeling neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Casey's General Stores is scheduled to hold the call at 10:30 a..m. ET and can be accessed here: https://edge.media-server.com/mmc/p/ajbqavog

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