Casey's Gears Up For Q2 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Casey's General Stores, Inc. (NASDAQ:CASY) is expected to report Q2 fiscal 2024 earnings of $3.65 per share, slightly down from $3.69 per share a year ago, with projected revenue of $4.06 billion. The company previously reported a 13.2% year-on-year sales decline in Q1 FY24. Casey's shares recently closed at $274.22, down 0.2%. Analysts from Wells Fargo, BMO Capital, Stephens & Co., JP Morgan, and Deutsche Bank have provided various ratings and price target changes for Casey's, with the most recent adjustments occurring in September and July.
December 08, 2023 | 3:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Casey's General Stores is anticipated to report Q2 earnings with a slight decrease in EPS year-over-year. Analysts have recently updated their price targets, with most showing an increase, indicating a positive outlook.
The slight decrease in projected EPS may not significantly impact the stock price as it is a marginal change. However, the recent price target increases by several analysts could suggest a positive sentiment, potentially balancing any negative reaction to the earnings report. The confidence level is not at 100 due to the mixed nature of the price target changes and the fact that earnings reports can have unpredictable effects on stock prices.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100