Casey's General Stores Q3 2024 GAAP EPS $2.33 Beats $2.15 Estimate, Sales $3.329B Miss $3.511B Estimate
Portfolio Pulse from Benzinga Newsdesk
Casey's General Stores (CASY) reported Q3 2024 earnings of $2.33 per share, beating the $2.15 estimate. However, sales of $3.329B missed the $3.511B estimate, marking a 0.12% decrease from the previous year.
March 11, 2024 | 8:27 pm
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Casey's General Stores reported higher-than-expected Q3 2024 earnings per share but missed sales estimates, with a slight decrease in sales compared to last year.
While beating EPS estimates typically has a positive impact on stock prices, missing sales estimates and reporting a year-over-year decrease in sales could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on CASY's stock price, as the positive earnings surprise may be offset by concerns over sales performance.
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