Zacks Research Issues Positive Estimate for CASY Earnings

Key Points

• Zacks Research modestly raised Casey’s General Stores’ forward earnings estimates, including Q3 2027 EPS to $4.02 from $4.00 and FY2027 EPS to $21.37. However, Zacks maintained a “Hold” rating.
• Casey’s recently reported strong quarterly results, with EPS of $7.37 beating estimates by $0.59 and revenue rising 24.3% year over year to $5.68 billion.
• The stock opened at $584.83, well below its 52-week high of $927.85, while analysts maintain a “Moderate Buy” consensus and an average price target of $840.69.

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Zacks Research increased their Q3 2027 earnings per share (EPS) estimates for Casey's General Stores in a research note issued to investors on Tuesday, September 22nd. Zacks Research analyst Team now expects that the company will earn $4.02 per share for the quarter, up from their prior estimate of $4.00. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Casey's General Stores' current full-year earnings is $21.40 per share. Zacks Research also issued estimates for Casey's General Stores' Q4 2027 earnings at $4.25 EPS, FY2027 earnings at $21.37 EPS, Q1 2028 earnings at $7.37 EPS, Q2 2028 earnings at $6.72 EPS, Q3 2028 earnings at $4.83 EPS, Q4 2028 earnings at $4.81 EPS, FY2028 earnings at $23.73 EPS, Q1 2029 earnings at $8.11 EPS and FY2029 earnings at $26.28 EPS.

Several other research analysts have also issued reports on the company. BNP Paribas Exane dropped their target price on Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating for the company in a research report on Thursday, June 25th. BMO Capital Markets set a $810.00 price objective on Casey's General Stores in a report on Thursday, September 10th. Weiss Ratings lowered shares of Casey's General Stores from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. UBS Group decreased their target price on shares of Casey's General Stores from $925.00 to $720.00 and set a "neutral" rating for the company in a research report on Thursday, September 10th. Finally, Wall Street Zen downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, September 12th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $840.69.

Casey's General Stores Stock Down 0.1%

Shares of CASY opened at $584.83 on Wednesday. The business's 50 day simple moving average is $782.70 and its 200-day simple moving average is $781.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. Casey's General Stores has a 1 year low of $497.38 and a 1 year high of $927.85.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating analysts' consensus estimates of $6.78 by $0.59. Casey's General Stores had a net margin of 4.14% and a return on equity of 19.68%. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.56 billion. During the same quarter in the previous year, the company earned $5.77 EPS. Casey's General Stores's revenue for the quarter was up 24.3% on a year-over-year basis.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. Casey's General Stores's dividend payout ratio is currently 12.52%.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the transaction, the chief executive officer owned 89,174 shares of the company's stock, valued at $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad Frazell sold 3,013 shares of the business's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Security National Bank of Sioux City Iowa IA bought a new stake in Casey's General Stores during the 2nd quarter worth about $119,000. Anchor Investment Management LLC grew its holdings in Casey's General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company's stock worth $34,000 after buying an additional 18 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Casey's General Stores by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 4,244 shares of the company's stock worth $3,373,000 after acquiring an additional 156 shares in the last quarter. National Pension Service increased its holdings in Casey's General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company's stock valued at $53,621,000 after purchasing an additional 65,383 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Casey's General Stores during the 2nd quarter valued at about $1,907,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Key Headlines Impacting Casey's General Stores

Here are the key news stories impacting Casey's General Stores this week:

• Positive Sentiment: Zacks Research raised several forward earnings estimates. The firm increased its forecasts for Q3 2027 EPS to $4.02 from $4.00, Q1 2028 EPS to $7.37 from $6.93, Q3 2028 EPS to $4.83 from $4.53, FY2027 EPS to $21.37 from $21.12, FY2028 EPS to $23.73 from $23.11, Q1 2029 EPS to $8.11 from $7.55, and FY2029 EPS to $26.28 from $25.37. These revisions point to stronger longer-term earnings expectations. Zacks Research estimate updates for Casey’s General Stores
• Positive Sentiment: Technical conditions may support a rebound. Zacks said Casey’s has become oversold after its sharp recent decline, indicating that selling pressure may be becoming exhausted. The report also cited broad upward revisions to earnings estimates as a possible catalyst for a trend reversal. After plunging 28.5 percent in four weeks, here’s why the trend might reverse for Casey’s
• Neutral Sentiment: Zacks maintained a Hold rating. Despite the improved long-term forecasts, Zacks continues to rate CASY “Hold,” suggesting the revisions are not yet strong enough to warrant a more bullish recommendation. The current-year consensus EPS estimate remains $21.40.
• Negative Sentiment: Some quarterly estimates were trimmed. Zacks reduced its Q4 2027 EPS forecast to $4.25 from $4.28, Q2 2028 EPS to $6.72 from $6.83, and Q4 2028 EPS to $4.81 from $4.82. These modest cuts indicate some unevenness in the near-term earnings outlook.

Casey's General Stores Company Profile

Casey’s General Stores, Inc NASDAQ: CASY is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.