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Seeking Clues to Casey's (CASY) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
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The upcoming report from Casey's General Stores (CASY - Free Report) is expected to reveal quarterly earnings of $6.59 per share, indicating an increase of 14.2% compared to the year-ago period. Analysts forecast revenues of $5.65 billion, representing an increase of 23.8% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Casey's metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Sales- Fuel' to reach $3.94 billion. The estimate indicates a year-over-year change of +44.2%.
Based on the collective assessment of analysts, 'Net Sales- Other' should arrive at $156.25 million. The estimate suggests a change of +4.4% year over year.
The average prediction of analysts places 'Net Sales- Prepared Food & Dispensed Beverage' at $487.93 million. The estimate indicates a change of +6.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Grocery & General Merchandise' of $1.30 billion. The estimate suggests a change of +5.9% year over year.
Analysts' assessment points toward 'Same-store sales - Grocery & General Merchandise - YoY change' reaching 3.6%. The estimate is in contrast to the year-ago figure of 3.8%.
Analysts expect 'Number of Stores (EOP)' to come in at 2,968 . The estimate compares to the year-ago value of 2,895 .
The combined assessment of analysts suggests that 'Number of Fuel gallons sold' will likely reach 936.86 million. The estimate compares to the year-ago value of 911.78 million.
It is projected by analysts that the 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' will reach 4.3%. Compared to the present estimate, the company reported 5.6% in the same quarter last year.
The consensus among analysts is that 'Number of Stores (BOP)' will reach 2,944 . The estimate is in contrast to the year-ago figure of 2,904 .
Analysts predict that the 'Gross Profit- Grocery & General Merchandise' will reach $467.69 million. The estimate is in contrast to the year-ago figure of $439.48 million.
According to the collective judgment of analysts, 'Gross Profit- Prepared Food & Dispensed Beverage' should come in at $287.04 million. The estimate is in contrast to the year-ago figure of $265.98 million.
The consensus estimate for 'Gross Profit- Other' stands at $35.51 million. The estimate compares to the year-ago value of $33.43 million.
Over the past month, Casey's shares have recorded returns of -9.9% versus the Zacks S&P 500 composite's +2% change. Based on its Zacks Rank #4 (Sell), CASY will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Casey's (CASY) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
The upcoming report from Casey's General Stores (CASY - Free Report) is expected to reveal quarterly earnings of $6.59 per share, indicating an increase of 14.2% compared to the year-ago period. Analysts forecast revenues of $5.65 billion, representing an increase of 23.8% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Casey's metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Sales- Fuel' to reach $3.94 billion. The estimate indicates a year-over-year change of +44.2%.
Based on the collective assessment of analysts, 'Net Sales- Other' should arrive at $156.25 million. The estimate suggests a change of +4.4% year over year.
The average prediction of analysts places 'Net Sales- Prepared Food & Dispensed Beverage' at $487.93 million. The estimate indicates a change of +6.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Grocery & General Merchandise' of $1.30 billion. The estimate suggests a change of +5.9% year over year.
Analysts' assessment points toward 'Same-store sales - Grocery & General Merchandise - YoY change' reaching 3.6%. The estimate is in contrast to the year-ago figure of 3.8%.
Analysts expect 'Number of Stores (EOP)' to come in at 2,968 . The estimate compares to the year-ago value of 2,895 .
The combined assessment of analysts suggests that 'Number of Fuel gallons sold' will likely reach 936.86 million. The estimate compares to the year-ago value of 911.78 million.
It is projected by analysts that the 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' will reach 4.3%. Compared to the present estimate, the company reported 5.6% in the same quarter last year.
The consensus among analysts is that 'Number of Stores (BOP)' will reach 2,944 . The estimate is in contrast to the year-ago figure of 2,904 .
Analysts predict that the 'Gross Profit- Grocery & General Merchandise' will reach $467.69 million. The estimate is in contrast to the year-ago figure of $439.48 million.
According to the collective judgment of analysts, 'Gross Profit- Prepared Food & Dispensed Beverage' should come in at $287.04 million. The estimate is in contrast to the year-ago figure of $265.98 million.
The consensus estimate for 'Gross Profit- Other' stands at $35.51 million. The estimate compares to the year-ago value of $33.43 million.
View all Key Company Metrics for Casey's here>>>Over the past month, Casey's shares have recorded returns of -9.9% versus the Zacks S&P 500 composite's +2% change. Based on its Zacks Rank #4 (Sell), CASY will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .