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Casey's (CASY) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts forecast that Casey's General Stores (CASY - Free Report) will report quarterly earnings of $4.92 per share in its upcoming release, pointing to a year-over-year increase of 1.4%. It is anticipated that revenues will amount to $4.55 billion, exhibiting an increase of 15.4% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Casey's metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Fuel' at $2.78 billion. The estimate indicates a year-over-year change of +15.2%.
Analysts predict that the 'Net Sales- Other' will reach $131.04 million. The estimate points to a change of +102.8% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Prepared Food & Dispensed Beverage' will reach $465.04 million. The estimate indicates a year-over-year change of +11.3%.
The consensus estimate for 'Net Sales- Grocery & General Merchandise' stands at $1.18 billion. The estimate points to a change of +12% from the year-ago quarter.
Analysts expect 'Number of Stores (EOP)' to come in at 2,920 . Compared to the present estimate, the company reported 2,685 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Same-store sales - Grocery & General Merchandise - YoY change' of 3.1%. The estimate compares to the year-ago value of 3.6%.
Analysts forecast 'Number of Fuel gallons sold' to reach 919.75 million. The estimate is in contrast to the year-ago figure of 775.91 million.
Analysts' assessment points toward 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' reaching 4.0%. Compared to the current estimate, the company reported 5.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Gross Profit- Prepared Food & Dispensed Beverage' should come in at $268.88 million. Compared to the present estimate, the company reported $245.46 million in the same quarter last year.
The consensus among analysts is that 'Gross Profit- Grocery & General Merchandise' will reach $417.64 million. Compared to the present estimate, the company reported $374.19 million in the same quarter last year.
Shares of Casey's have experienced a change of +5.6% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CASY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Casey's (CASY) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Casey's General Stores (CASY - Free Report) will report quarterly earnings of $4.92 per share in its upcoming release, pointing to a year-over-year increase of 1.4%. It is anticipated that revenues will amount to $4.55 billion, exhibiting an increase of 15.4% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Casey's metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Fuel' at $2.78 billion. The estimate indicates a year-over-year change of +15.2%.
Analysts predict that the 'Net Sales- Other' will reach $131.04 million. The estimate points to a change of +102.8% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Prepared Food & Dispensed Beverage' will reach $465.04 million. The estimate indicates a year-over-year change of +11.3%.
The consensus estimate for 'Net Sales- Grocery & General Merchandise' stands at $1.18 billion. The estimate points to a change of +12% from the year-ago quarter.
Analysts expect 'Number of Stores (EOP)' to come in at 2,920 . Compared to the present estimate, the company reported 2,685 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Same-store sales - Grocery & General Merchandise - YoY change' of 3.1%. The estimate compares to the year-ago value of 3.6%.
Analysts forecast 'Number of Fuel gallons sold' to reach 919.75 million. The estimate is in contrast to the year-ago figure of 775.91 million.
Analysts' assessment points toward 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' reaching 4.0%. Compared to the current estimate, the company reported 5.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Gross Profit- Prepared Food & Dispensed Beverage' should come in at $268.88 million. Compared to the present estimate, the company reported $245.46 million in the same quarter last year.
The consensus among analysts is that 'Gross Profit- Grocery & General Merchandise' will reach $417.64 million. Compared to the present estimate, the company reported $374.19 million in the same quarter last year.
View all Key Company Metrics for Casey's here>>>Shares of Casey's have experienced a change of +5.6% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CASY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .