Casey’s General Stores Inc. (NASDAQ: CASY) has reported earnings for its third fiscal quarter (ending January 31) of $2.34 versus $2.69 for the same period a year ago — a decline of -13%. Relative to the consensus estimate of $2.13, this was a premium of $0.21. For the latest four quarters through January 31, E.P.S. were $12.65 compared to $12.09 a year ago — an increase of 5%.
Recent Price Action
On 3/11/24, Casey’s General Stores Inc. (NASDAQ: CASY) stock declined modestly by -1.1%, closing at $298.76. Moreover, unusually high trading volume at 172% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CASY is expected to continue to be an important Value Builder.
Casey’s General Stores has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Casey’s General Stores has a neutral Appreciation Score of 45 but a very high Power Rating of 87, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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