Casey's General Stores (NASDAQ: CASY) came out with quarterly earnings of $4.83 per share, beating the Zacks Consensus Estimate of $4.54 per share. This compares to earnings of $4.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.39%. A quarter ago, it was expected that this convenience store chain would post earnings of $1.70 per share when it actually produced earnings of $2.34, delivering a surprise of 37.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Casey's, which belongs to the Zacks Retail - Convenience Stores industry, posted revenues of $4.1 billion for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.34%. This compares to year-ago revenues of $3.87 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Casey's shares ...
