Skip to main content

Market Overview

Earnings Preview: Casey's General Stores


On Monday, March 08, Casey's General Stores (NASDAQ:CASY) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect Casey's General Stores earnings of $1.03 per share. Revenue will likely be around $2.02 billion, according to the consensus estimate. In the same quarter last year, Casey's General Stores reported earnings per share of $0.91 on revenue of $2.25 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Monday, earnings would be up 13.19%. Sales would be down 10.14% from the year-ago period. Casey's General Stores's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2020
EPS Estimate 2.8 2.11 1.79 0.89
EPS Actual 3 3.24 1.67 0.91
Revenue Estimate 2.21 B 2.11 B 1.76 B 2.29 B
Revenue Actual 2.22 B 2.10 B 1.81 B 2.25 B

Stock Performance

For a full 12 months, the return has risen by 14.87%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not 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 08:30:00 ET and can be accessed here.


Related Articles (CASY)

View Comments and Join the Discussion!

Posted-In: BZI-EPEarnings