Casey's General Stores Azioni (NASDAQ: CASY)

Ultime notizie per Casey's General Stores (NASDAQ:CASY) Azioni

Casey's General Stores

Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.

Caseys General Stores, Inc. - Common Stock

Casey's General Stores Inc

During the last three months, 14 analysts shared their evaluations of Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $404.43, a high estimate of $444.00, and a low estimate of $300.00. Marking an increase of 2.81%, the current average surpasses the previous average price target of $393.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1729098069_0_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Casey's General Stores. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$440.00</td>
<td>$435.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$435.00</td>
<td>-</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$337.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Anthony Bonadio</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$415.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$403.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$300.00</td>
<td>$298.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$444.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$435.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$393.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Casey's General Stores. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Casey's General Stores compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Casey's General Stores's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Casey's General Stores's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CASY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Casey's General Stores analyst ratings.</a>
<h2>About Casey's General Stores</h2>
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
<h3>Unraveling the Financial Story of Casey's General Stores</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Casey's General Stores's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 5.91%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Casey's General Stores's net margin excels beyond industry benchmarks, reaching 4.4%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Casey's General Stores's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Casey's General Stores's ROA stands out, surpassing industry averages. With an impressive ROA of 2.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Casey's General Stores's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

CASY

Deep Dive Into Casey's General Stores Stock: Analyst Perspectives (14 Ratings)

Evercore ISI Group analyst Michael Montani maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Outperform and raises the price target from $435 to $440.

News

Price Target

Evercore ISI Group Maintains Outperform on Casey's General Stores, Raises Price Target to $440

Casey's General Stores's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NYSE">CASY</a>) short percent of float has risen 5.29% since its last report. The company recently reported that it has 660 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Casey's General Stores Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729025121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Casey's General Stores has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Casey's General Stores's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Casey's General Stores's peer group average for short interest as a percentage of float is 7.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Casey's General Stores?

Melius Research analyst Karen Short initiates coverage on Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Buy rating and announces Price Target of $435.

Initiation

Melius Research Initiates Coverage On Casey's General Stores with Buy Rating, Announces Price Target of $435

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $400.5, a high estimate of $444.00, and a low estimate of $300.00. Marking an increase of 2.41%, the current average surpasses the previous average price target of $391.08. 
<img src="https://www.benzinga.com/files/images/story/2024/1726754453_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Casey's General Stores's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$337.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Anthony Bonadio</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$415.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$403.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$300.00</td>
<td>$298.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$444.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$435.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$393.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$410.00</td>
<td>$405.00</td>
</tr>
<tr>
<td>Charles Cerankosky</td>
<td>Northcoast Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$410.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Casey's General Stores. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Casey's General Stores compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Casey's General Stores's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Casey's General Stores's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CASY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Casey's General Stores analyst ratings.</a>
<h2>Discovering Casey's General Stores: A Closer Look</h2>
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic generator, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
<h3>Casey's General Stores's Economic Impact: An Analysis</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Casey's General Stores's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 5.91%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Casey's General Stores's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.4% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.83%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Casey's General Stores's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.81% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Casey's General Stores's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 14 Analyst Recommendations For Casey's General Stores

JP Morgan analyst John Royall downgrades Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) from Neutral to Underweight and raises the price target from $300 to $337.

Downgrades

JP Morgan Downgrades Casey's General Stores to Underweight, Raises Price Target to $337

Benchmark analyst John Lawrence reiterates Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Buy and maintains $410 price target.

Reiteration

Benchmark Reiterates Buy on Casey's General Stores, Maintains $410 Price Target

Wells Fargo analyst Anthony Bonadio maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Overweight and raises the price target from $415 to $425.

Wells Fargo Maintains Overweight on Casey's General Stores, Raises Price Target to $425

WIIM

Casey's General Stores shares are trading higher after RBC Capital raised its price target on the stock from $393 to $403.

Casey&#39;s General Stores (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/casy#NASDAQ">CASY</a>) 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&#39;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&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Casey&#39;s shares have added about 29.2% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.9%.
<h2>What&#39;s Next for Casey&#39;s?</h2>
While Casey&#39;s has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Casey&#39;s: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.43 on $4.11 billion in revenues for the coming quarter and $14.06 on $15.46 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Convenience Stores is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Retail-Wholesale sector, Kroger (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>), is yet to report results for the quarter ended July 2024. The results are expected to be released on September 12.
This supermarket chain is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Kroger&#39;s revenues are expected to be $34.09 billion, up 0.7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2331755/casey-s-general-stores-casy-tops-q1-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2331755">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Large Cap

Retail Sales

Markets

Casey's General Stores Tops Q1 Earnings Estimates

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) has outperformed the market over the past 5 years by 4.21% on an annualized basis producing an average annual return of 17.16%. Currently, Casey's General Stores has a market capitalization of $13.92 billion. 
Buying $1000 In CASY: If an investor had bought $1000 of CASY stock 5 years ago, it would be worth $2,242.50 today based on a price of $375.17 for CASY at the time of writing.
<h3>Casey's General Stores's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725552012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,200 Today

RBC Capital analyst Irene Nattel maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Sector Perform and raises the price target from $393 to $403.

RBC Capital Maintains Sector Perform on Casey's General Stores, Raises Price Target to $403

Casey's General Stores shares are trading higher following Q1 financial results.

JP Morgan analyst John Royall maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Neutral and raises the price target from $298 to $300.

JP Morgan Maintains Neutral on Casey's General Stores, Raises Price Target to $300

Under its previously communicated fiscal 2025&nbsp;outlook, the Company expects EBITDA to increase at least&nbsp;8%. The Company expects inside same-store sales to increase&nbsp;3%&nbsp;to&nbsp;5%&nbsp;and inside margin comparable to fiscal 2024. The Company expects same-store fuel gallons sold to be between negative&nbsp;1%&nbsp;to positive&nbsp;1%.
Total operating expenses are expected to increase approximately&nbsp;6%&nbsp;to&nbsp;8%. Net interest expense is expected to be approximately&nbsp;$56 million. Depreciation and amortization is expected to be approximately&nbsp;$390 million&nbsp;and the purchase of property and equipment is expected to be approximately&nbsp;$575 million.

Guidance

Casey's Says Not Updating Its FY25 Outlook Until After Closing Of Fikes Deal, With Exception Of Store Growth, Which Is Now Expected To Be ~270 Units

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) reported quarterly earnings of $4.83 per share which beat the analyst consensus estimate of $4.58 by 5.46 percent. The company reported quarterly sales of $4.10 billion which missed the analyst consensus estimate of $4.20 billion by 2.49 percent. This is a 5.92 percent increase over sales of $3.87 billion the same period last year.

Earnings Misses

Casey's General Stores Q1 2025 GAAP EPS $4.83 Beats $4.58 Estimate, Sales $4.10B Miss $4.20B Estimate

Wall Street traded slightly higher on Wednesday, rebounding after the sharp sell-off a day earlier that saw chipmakers tumble, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shedding around $280 billion in market value — the largest single-day drop in history.
Investors processed fresh insights from July labor market statistics, which confirmed cooling conditions as job openings fell to their lowest level in three years, almost closing the <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40711148/july-job-openings-fall-to-3-year-lows-gap-with-unemployment-narrows-to-near-parit">gap with unemployment levels.</a>
Expectations for a Federal Reserve interest rate cut improved, with market participants now assigning a 43% implied probability of a 50-basis-point cut in September, up from 38% the previous day.
Attention now shifts to key August labor data, with the ADP private payrolls report due Thursday, followed by the official jobs report on Friday.
Major equity indices were up marginally, while bonds outperformed, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rising 0.7%, adding to Tuesday&#8217;s 1.3% gain.
Notably, chipmakers, as tracked by the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>), rose 1%. 
The U.S. dollar weakened, losing 0.4% as falling Treasury yields weighed on the currency. Gold inched up 0.2%, set to break a three-day losing streak.
Oil prices continued to decline, falling 0.7% despite OPEC+ announcing a delay in its planned production increases.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bounced back 1.6%, trading at $58,200.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance Among Major Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,162.23</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,033.77</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,985.75</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,535.16</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% higher to $552.98.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.2% to $411.03.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $463.53.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increase 0.4% to $214.31.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up by 0.8%, while the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) sunk 20% after missing quarterly earnings estimates and delivering a guidance cut.</li>
<li>Other stocks reacting to company earnings were Dicks Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) down 5%, Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) down 6.6% and Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) up 2.2%.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) fell 3.2% after UBS downgraded the Dutch chipmaker from Buy to Neutral, also cutting the price target. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 5% on upbeat sales data in China. The China Passenger Car Association reported that sales of Tesla's China-made electric vehicles rose 17% compared to July and increased 3% year-over-year.</li>
<li>Companies reporting earnings after the close include Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and Caseys General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>).</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40713134/bank-of-canada-cuts-rates-again-as-inflation-labor-market-cool-canadian-stocks-rebound-loonie-st">Bank Of Canada Cuts Rates Again As Inflation, Labor Market Cool: Canadian Stocks Rebound, Loonie Strengthens</a></li>
</ul>
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TSLA

Stocks Rebound, Chipmakers Halt Bloodbath As Traders Upgrade Rate Cut Wagers; Tesla Rises, Dollar Tree In Free Fall: What's Driving Markets Wednesday?

Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) will release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/CASY/earnings">closing bell on Wednesday, Sept. 4.</a>
Analysts expect the Ankeny, Iowa-based company to report quarterly earnings at $4.52 per share, compared to $4.52 per share in the year-ago period. Casey&#8217;s is projected to post revenue of $4.2 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
On July 26, Caseys announced it will acquire Fikes Wholesale for $1.145 billion to expand its presence in Texas and southern markets.
Casey&#8217;s shares fell 2% to close at $354.92 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61c1b9e6d64b280001d63f1f/john-lawrence">Benchmark analyst John Lawrence</a> reiterated a Buy rating with a price target of $410 on Sept. 3. This analyst has an accuracy rate of 66%.</li>
<li>Deutsche Bank analyst Krisztina Katai maintained a Buy rating and boosted the price target from $420 to $444 on July 29. This analyst has an accuracy rate of 63%.</li>
<li><a href="https://widgets.benzinga.com/analyst-stock-ratings/analyst/62f38f7fd1d4e500016776ae/anthony-bonadio">Wells Fargo analyst Anthony Bonadio</a> maintained an Overweight rating and increased the price target from $340 to $415 on June 13. This analyst has an accuracy rate of 81%.</li>
<li>BMO Capital analyst Kelly Bania maintained a Market Perform rating and boosted the price target from $305 to $400 on June 13. This analyst has an accuracy rate of 62%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6054b39f8b5009000114d44f/corey-tarlowe">Jefferies analyst Corey Tarlowe</a> maintained a Buy rating and raised the price target from $342 to $445 on June 12. This analyst has an accuracy rate of 65%.</li>
</ul>
Considering buying CASY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04005019/image-1-4-1024x506.png" alt="" class="wp-image-528358" style="width:660px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04005019/image-1-4-1024x506.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04005019/image-1-4-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04005019/image-1-4-768x380.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04005019/image-1-4.png 1337w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40685695/wall-streets-most-accurate-analysts-say-hold-these-3-defensive-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 3% Dividend Yields</a></li>
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Casey's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The September slump will likely continue as the index futures are sharply lower early Wednesday. Traders will likely <a href="https://www.benzinga.com/markets/equities/24/09/40696921/traders-bet-aggressively-on-rate-cuts-ahead-of-jobs-data-5-etfs-to-watch-this-week">wait and watch to see how the labor market data,</a> due for the week, pan out and their implications for the Fed funds rate. Wharton Professor and WisdomTree Chief Economist Jeremy Siegel said the report will decide whether the cut is going to be 25 basis points or double as much.
Tech stocks were lower in premarket trading, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) down over 1%. The CBOE Volatility Index, or VIX, spiked nearly 10% to $22.76. The Labor Department&#8217;s job opening data and the Beige Book and a few earnings reports are also on traders&#8217; radar. If these rule out a recession, traders may go bargain hunting to take advantage of Tuesday&#8217;s pullback. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.50%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.29%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.36% to $550.90, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slid 0.60% to $459.05, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
A tech tumble that morphed into a broader market weakness dragged stocks sharply lower on Tuesday, with a trio of weak data serving as a trigger. The Institute for Supply Management&#8217;s manufacturing purchasing managers&#8217; index and S&amp;P Global&#8217;s final manufacturing PMI came in worse than expected and the Commerce Department said construction spending fell more than expected in July. The string of negative data reignited recession talks, pushing traders on the defensive.
The averages opened lower and fell sharply in early trading. The sell-off continued despite a slower momentum for the remainder of the session. The tech-heavy Nasdaq Composite settled at the lowest level since Aug. 12 and the S&amp;P 500 at a two-week low. All three indices fell by the most since the Aug. 5 global sell-off.
IT, communication services, energy, industrial and material stocks came under intense selling pressure, while defensive real estate and consumer staple stocks bucked the downtrend.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.26%</td>
<td>17,136.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-2.12%</td>
<td>5,528.93</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.51%</td>
<td>40,936.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.09%</td>
<td>2,149.21</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Morgan Stanley&#8217;s U.S. equity strategy team recommends focusing on defensive businesses that prioritize operational efficiency or have durable pricing power, or both. The team led by the firm&#8217;s Chief Equity Strategist Mike Wilson noted that cyclical and defensive stocks have failed to rebound materially, while lower-beta stocks continued to show very &#8220;resilient performance&#8221; amid the mixed data on both the macro and micro front.
Wilson called for better-than-expected non-farm payroll gains of 185,000 for August and a dip in the jobless rate to 4.2%.
Carson Group Chief Investment Strategist Ryan Detrick shared a premonitory historical trend. Sharing data that showed the second half of September grossly outperforming, he said, &#8220;September isn&#8217;t usually a good month for stocks, but remember it is the second half when the real trouble starts.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, September isn&#39;t usually a good month for stocks, but remember it is the second half when the real trouble starts. <a href="https://t.co/lyCshvkUmT">pic.twitter.com/lyCshvkUmT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1830957875541483874?ref_src=twsrc%5Etfw">September 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Fund Strat&#8217;s Tom Lee said investors should be cautious about the next eight weeks, from September until the election day. In an interview with CNBC, he said he sees the weakness as a &#8220;chance to buy,&#8221; and said investors should be ready to buy the dip.
Upcoming Economic Data:
<ul>
<li>The Commerce Department is due to release the trade balance report for July at 8:30 a.m. EDT, with economists calling for a deficit of $79.1 billion compared to a deficit of $73.1 billion in June.</li>
<li>The Bureau of Labor Statistics will release the results of the July Job Openings and Labor Turnover Survey, or JOLTS, at 10 a.m. EDT. The consensus calls for job openings to be at 8.1 million compared to 8.18 million in June.</li>
<li>The Commerce Department is scheduled to release the factory goods orders report for July at 10 a.m. EDT. Economists, on average, expect a 5.5% month-over-month jump in factory goods orders for July compared to a 3.3% drop in June.</li>
<li>The Fed will release the Beige Book report at 2 p.m. EDT, which gives anecdotal evidence of economic conditions in the 12 Federal Reserve districts.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) jumped nearly 17% <a href="https://www.benzinga.com/premarket">in premarket trading </a>on the company&#8217;s quarterly results, while PagerDuty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) and Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) fell over 14% each.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), and Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) are among the companies reporting <a href="https://www.benzinga.com/earnings">quarterly results ahead of the market open.</a></li>
<li>Those reporting after the close include AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>), C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>), ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) and Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets
Crude oil futures extended their slide and dropped below the psychological support of $70-a-barrel and gold futures also slipped. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged to the $56.5K level. The yield on the 10-year Treasury note edged down 2.6 points to 3.818%.
The Asian markets had another down day on Wednesday, with the Japanese Nikkei 225 average sliding by over 4% on the yen&#8217;s strength. The South Korean and Taiwanese markets, heavily weighted with tech stocks, also pulled back sharply. Traders were reacting to the sell-off seen on Wall Street overnight. On the other hand, the New Zealand and Indonesian markets bucked the downtrend.
European stocks traded lower in early trading. 
Read Next:
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<li><a href="https://www.benzinga.com/24/08/40667108/magnificent-7-miss-out-2-cybersecurity-stocks-stand-firm-retailers-lag-in-volatile-august-here-are-t">Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&amp;P 500 Gainers And Losers</a></li>
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No Respite For US Stocks As Futures Sag, VIX Spikes 10%, Bitcoin Slides: Strategist Warns Of Further Pain In September, But Recommends Buying Dip

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Sprouts Farmers Market: No Longer On Sale

Village Super Market: Still On Sale

The retail industry's growth appears robust, fueled by resilient retail sales, changing consumer behavior, and rapid adoption of technologies. Therefore, fundamentally solid retail stocks Casey's General Stores (CASY), The Kroger (KR), and Walmart (WMT) could be ideal buys for this holiday season. Keep reading... The upcoming holiday season has already started making buzz in the market, as indicated by surging grocery and retail sales. The retail market has also been booming with the Fed rate cuts, which have boosted consumer morale and solid economic growth in recent periods.
Against this backdrop, investors could consider investing in quality retail stocks Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>), The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>), and Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>) for the holiday shopping surge.
Easing inflation and increasing consumer demand are boosting the retail market. According to the Retail Monitor, core retail sales (excluding restaurants in addition to automobile dealers and gasoline stations)<a href="https://chainstoreage.com/nrf-retail-sales-show-mixed-growth-trends-september#:~:text=The%20Retail%20Monitor%20calculation%20of,over%2Dyear%20in%20August%202024."> were up 0.94% year-over-year</a> in September 2024. Also, during August 2024, sales increased 0.17% month-over-month and 1.93% year-over-year.
Recently implemented interest rate cuts from the Federal Reserve could further boost consumer confidence in the coming months, supported by economic growth and an improving employment market. As per SpendingPulse insights, <a href="https://www.mastercardservices.com/en/advisors/economic-consulting/insights/us-holiday-spending-outlook-2024-meet-year-s-holiday-shopper#:~:text=Based%20on%20our%20SpendingPulse%20insights,1%20%E2%80%93%20December%2024%2C%202024.">in-store and online retail sales</a> spending is expected to be up 3.2% year-over-year this holiday season, from November 1 to December 24, 2024.
Besides, the retail industry is expected to grow to $47.24 trillion by 2029, exhibiting growth at a <a href="https://www.mordorintelligence.com/industry-reports/retail-industry">CAGR of 7.7%</a> driven by e-commerce prevalence, multichannel retailing and online buying, and evolving consumer trends.
Also, with changing consumer preferences and the adoption of cutting-edge technologies like online platforms, AI-driven personalized shopping experiences, and smart supply chain management, the <a href="https://www.verifiedmarketresearch.com/product/food-grocery-retail-market/">food and grocery retail industry</a> is projected to reach a valuation of $16 billion by 2031, exhibiting a 4% CAGR.
Given these favorable market trends, let's look at the fundamentals of the top <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a>' stocks, starting with the third choice.
Stock #3: Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>)
CASY operates convenience stores under the names Casey's and Casey's General Store. The company's stores offer pizza, donuts, breakfast items, and sandwiches, and tobacco and nicotine products. The company's stores provide food items, appetizers, health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies.
On July 26, CASY announced an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.14 billion. CASY's acquisition of Fikes includes 198 retail stores and a dealer network, and the transaction will increase CASY's presence to nearly 2,900 stores.
The strategic acquisition will expand CASY's presence into Texas and southern markets, deliver accretive growth, and create value for shareholders, team members, and guests.
For the first quarter that ended July 31, 2024, CASY's total revenue increased 5.9% year-over-year to $4.10 billion. Its income before income taxes grew 7.1% from the year-ago value to $237.31 million. The company's net income came in at $180.20 million and $4.83 per common share, up 6.5% and 6.8% from the prior year's quarter, respectively.
Furthermore, the company's <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose 9.1% from the prior-year quarter to $345.78 million.
Street expects CASY's revenue and EPS for the second quarter (ending October 2024) to increase marginally and 0.9% year-over-year to $4.08 billion and $4.28, respectively. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters, which is impressive.
CASY's stock has increased 24.6% over the past six months and 41.9% over the past year to close the last trading session at $385.90.
CASY's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Sentiment and Quality. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, CASY is ranked #18 out of 37 stocks.
<a href="https://stocknews.com/stock/CASY/">Click here</a> to access additional CASY ratings for Value, Momentum, Growth, and Stability.
Stock #2: The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>)
KR operates as a food and drug retailer. It operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. It offers grocery, health, and beauty care items, general merchandise, pet centers, fresh seafood, and organic produce.
On October 8, KR announced that Boost by Kroger Plus will include Disney streaming options as part of its annual memberships. Its members can select Disney+ Basic (With Ads), Hulu (With Ads), or an ESPN+ subscription as part of an inclusion benefit.
On October 4, KR closed the transaction to sell its specialty pharmacy business to Elevance Health. KR entered into a definitive agreement with Elevance Health for the sale on March 18, 2024. The specialty pharmacy, earlier owned by KR, serves patients with chronic illnesses that require complex care.
On July 31, KR expanded its Our Brands portfolio with the addition of Field &amp; Vine&#x2122;, a fresh produce line grown by U.S. farmers in California, Florida, Georgia, Michigan, New Jersey, North Carolina, Oregon, and Washington. The brand presently provides blueberries, blackberries, raspberries and strawberries.
The new brand offers an enhanced fresh experience and high-quality berries during peak U.S. growing seasons.
For the second quarter that ended on August 17, 2024, KR's sales increased marginally year-over-year to $33.91 billion, and its operating profit was $815 million. Net earnings attributable to KR amounted to $466 million and $0.64 per common share for the quarter, respectively.
Furthermore, the company's total assets stood at $51.44 billion as of August 17, 2024, compared to $50.20 billion as of August 12, 2023.
In the updated guidance for the full year 2024, KR reaffirmed adjusted FIFO operating profit of $4.60 billion – $4.80 billion and adjusted net earnings per share of $4.30 – $4.50. Also, the company continues to expect adjusted free cash flow between $2.50 and $2.70 billion.
Street expects KR's revenue and EPS for the third quarter (ending October 2024) to increase 0.8% and 2.8% year-over-year to $34.22 billion and $0.98, respectively. Also, the company has topped the consensus EPS estimates in each of the trailing four quarters.
Shares of KR have surged 8.5% over the past month and 25.3% over the past year to close the last trading session at $55.36.
KR's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
KR has a B grade for Quality, Sentiment, and Value. It is ranked #17 out of 37 stocks in the A-rated Grocery/Big Box Retailers industry.
In addition to the POWR Ratings we've stated above, we also have KR ratings for Momentum, Growth, and Stability. Get all KR ratings <a href="https://stocknews.com/stock/KR/">here</a>.
Stock #1: Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
WMT is engaged in the global operation of retail, wholesale, other units, and eCommerce. The company operates in three segments: Walmart U.S.; Walmart International; and Sam's Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands.
On October 8, WMT expanded its core pet care offerings to widen access to affordable in-person and virtual veterinary care, pet prescription delivery, grooming services, pet food, and supplies. The new centers opened in Georgia and Arizona reinforce WMT's commitment to offering seamless, convenient, and affordable pet care solutions to customers.
On August 27, WMT announced the expansion of its marketplace with new categories, multichannel fulfillment solutions, and innovations to simplify selling. These initiatives included the expansion of premium beauty, pre-owned and collectibles categories, multichannel solutions to fulfill orders from any e-commerce site and enable easier product imports, and the launch of Walmart LocalFinds.
During the second quarter that ended July 31, 2024, WMT's total revenues increased 4.8% year-over-year to $169.34 billion. Its adjusted operating income rose 7.4% from the prior year's quarter to $7.96 billion. Consolidated net income attributable to Walmart stood at $4.50 billion and $0.56 per common share for the quarter, respectively.
As per the company's updated fiscal year 2025 guidance, WMT expects consolidated net sales growth of 3.75% to 4.75%. Its consolidated adj. operating income is expected to increase 6.5% - 8%. The company's adjusted EPS is set in the range of $2.35 to $2.43.
Street expects WMT's EPS for the third quarter (ending October 2024) to increase 3.4% year-over-year to $0.53. For the same quarter, the company's revenue is expected to grow 4.3% year-over-year to $166.22 billion. Further, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is remarkable.
WMT's shares have gained 33.3% over the past six months and 51.9% over the past year to close the last trading session at $80.10.
WMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
WMT has an A grade for Stability. It also has a B grade for Momentum, Sentiment, and Growth. It is ranked #8 out of 37 stocks in the same industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of WMT for Value and Quality. Get all WMT ratings <a href="https://stocknews.com/stock/WMT/">here</a>.
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WMT shares were unchanged in after-hours trading Monday. Year-to-date, WMT has gained 54.27%, versus a 24.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/wmt-kr-casy-3-retail-stocks-to-buy-for-the-holiday-shopping-surge/>3 Retail Stocks to Buy for the Holiday Shopping Surge</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Retail Stocks to Buy for the Holiday Shopping Surge

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Press Releases

Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores

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Casey's Launches Innovation Summit to Identify Brands With Innovative Food and Beverage Products

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Casey's Announces the Return of the Guest-Favorite Ultimate Waffle Breakfast Sandwich

Casey's Announces First Quarter Results

Casey's Launches All-New Jalapeño Popper Pizza

Casey's Gives Back to 4-H Youth Programs During National Pizza Month

Casey's to Host Analyst Day

Casey's Opens Cash for Classrooms Grant Application Window

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