Earnings Preview For Casey's General Stores
Portfolio Pulse from Benzinga Insights
Casey's General Stores (NASDAQ:CASY) is scheduled to release its quarterly earnings report on Monday, 2023-12-11, with an estimated EPS of $3.60. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted positively to earnings beats, with an 8.62% increase after last quarter's report. Shares are currently trading at $274.65, up 11.16% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 08, 2023 | 2:00 pm
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POSITIVE IMPACT
Casey's General Stores is expected to report an EPS of $3.60 for the upcoming quarter. A positive earnings beat and guidance could lead to a continuation of the bullish trend seen over the past year, with shares already up 11.16%.
Given the historical positive reaction to earnings beats and the current bullish sentiment reflected in the 11.16% YTD stock increase, a beat on the estimated EPS of $3.60 and positive future guidance could likely lead to a short-term increase in stock price. The confidence level is not at 100 due to market unpredictability and other external factors that could influence stock performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100