Casey's Reports Q3 EPS of $3.49, Projects 3.5-4.5% FY Inside Same-Store Sales
CASY sits 76% above its 52-week low of $372.085 on elevated volume (2.5× avg).
Summary
Casey's General Stores has announced its Q3 earnings, reporting an EPS of $3.49 and net income of $130.073 million. Additionally, the company provided an outlook for its full-year inside same-store sales, projecting growth between 3.5% and 4.5%. This earnings release follows recent news highlighting analyst caution regarding Casey's earnings, specifically due to expectations of high oil prices crimping fuel margins. Traders will now be comparing these actual results against prior analyst expectations and the cautious sentiment to assess the company's performance and outlook. The actual figures and guidance are critical for immediate stock price movements and will inform future investment decisions.
At the time of this announcement, CASY was trading at $656.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $24.6B. The 52-week trading range was $372.09 to $690.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.