Casey’s General Stores Inc. (NASDAQ: CASY) has reported E.P.S. of $2.35 for its fourth fiscal quarter (ending April 30) versus $1.50 for the same period a year ago — an increase of 57%. This performance was $0.63 better than the consensus estimate of $1.72. E.P.S. were $13.51 for the latest four quarters through April 30 versus $11.99 for the same period a year ago — an increase of 13%.
Recent Price Action
On 6/11/24, Casey’s General Stores Inc. (NASDAQ: CASY) stock declined slightly by -0.5%, closing at $326.53. Moreover, this decline was accompanied by unusually high trading volume at 182% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
CASY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Casey’s General Stores has a current Value Trend Rating of C (High Neutral). 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 41 but a good Power Rating of 77, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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