Casey’s General Stores Earnings: Everything You Must Know Now

Casey’s General Stores Inc. (NASDAQ:CASY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Casey’s General Stores Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 68.24% to $1.43 in the quarter versus EPS of $0.85 in the year-earlier quarter.

Revenue: Rose 13.15% to $2.11 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Casey’s General Stores Inc. reported adjusted EPS income of $1.43 per share. By that measure, the company beat the mean analyst estimate of $1.06. It beat the average revenue estimate of $2.03 billion.

Quoting Management: “A difficult cigarette environment and challenging weather comparisons adversely impacted sales during fiscal 2013,” said Chairman and CEO Robert J. Myers. “However, in the fourth quarter we saw strong sales gains with the recent implementation of a “fuel saver” program in partnership with Hy-Vee grocery stores and competitive cigarette pricing adjustments made earlier in the fiscal year. We expect this momentum will continue into fiscal 2014.”

Key Stats (on next page)…

Revenue increased 16.89% from $1.81 billion in the previous quarter. EPS increased 0% from $1.43 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.54 and has not changed. For the current year, the average estimate has moved up from a profit of $3.4 to a profit of $3.54 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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