Casey’s General Stores, Inc. (CASY) is gearing up to report its first-quarter earnings after the market closes on Wednesday, September 4th. Analysts are optimistic about the company’s performance, predicting strong earnings per share and revenue growth.
For the quarter, analysts expect Casey’s to report earnings of $4.52 per share, matching the earnings per share from the same period last year. The Ankeny, Iowa-based company is projected to generate revenue of $4.2 billion, according to data from Benzinga Pro.
Casey’s has been actively expanding its operations, recently announcing the acquisition of Fikes Wholesale for $1.145 billion. This strategic move aims to solidify the company’s presence in the Texas and southern markets.
Following the acquisition announcement, Casey’s stock experienced a slight dip, closing at $354.92 on Tuesday, down 2%.
To gain insights into the sentiment surrounding CASY stock, let’s examine recent analyst ratings and price targets:
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Benchmark analyst John Lawrence
reiterated a Buy rating with a price target of $410 on September 3rd. This analyst has an accuracy rate of 66%.*
Deutsche Bank analyst Krisztina Katai
maintained a Buy rating and boosted the price target from $420 to $444 on July 29th. This analyst has an accuracy rate of 63%.*
Wells Fargo analyst Anthony Bonadio
maintained an Overweight rating and increased the price target from $340 to $415 on June 13th. This analyst has an accuracy rate of 81%.*
BMO Capital analyst Kelly Bania
maintained a Market Perform rating and boosted the price target from $305 to $400 on June 13th. This analyst has an accuracy rate of 62%.*
Jefferies analyst Corey Tarlowe
maintained a Buy rating and raised the price target from $342 to $445 on June 12th. This analyst has an accuracy rate of 65%.Overall, analysts remain optimistic about Casey’s future, with a majority issuing Buy ratings and increasing price targets. Investors looking to capitalize on the company’s growth potential will likely be closely watching the upcoming earnings report.
