Casey's General Stores
The 10-second takeaway
For the quarter ended Oct. 31 (Q2), Casey's General Stores met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Margins contracted across the board.
Casey's General Stores chalked up revenue of $1.91 billion. The seven analysts polled by S&P Capital IQ wanted to see revenue of $1.92 billion on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $1.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.85. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.85 per share. GAAP EPS of $0.85 for Q2 were 13% lower than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.6%, 10 basis points worse than the prior-year quarter. Operating margin was 3.2%, 60 basis points worse than the prior-year quarter. Net margin was 1.7%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.87 billion. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $7.51 billion. The average EPS estimate is $2.92.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 119 members out of 132 rating the stock outperform, and 13 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Casey's General Stores a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Casey's General Stores is hold, with an average price target of $62.80.
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