Casey's General Stores (Nasdaq: CASY ) reported earnings on June 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q4), Casey's General Stores met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded. GAAP earnings per share didn't change.
Margins contracted across the board.
Casey's General Stores recorded revenue of $1.81 billion. The nine analysts polled by S&P Capital IQ expected net sales of $1.83 billion on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $1.23 billion.
EPS came in at $0.69. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.62 per share. Non-GAAP EPS of $0.69 for Q4 were 15% higher than the prior-year quarter's $0.60 per share. GAAP EPS of $0.60 were the same as the prior-year quarter.
For the quarter, gross margin was 14.7%, 530 basis points worse than the prior-year quarter. Operating margin was 2.5%, 110 basis points worse than the prior-year quarter. Net margin was 1.3%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.09 billion. On the bottom line, the average EPS estimate is $1.16.
Next year's average estimate for revenue is $7.88 billion. The average EPS estimate is $3.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 122 members out of 135 rating the stock outperform, and 13 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Casey's General Stores a green thumbs-up, and two 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 $60.43.
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