Casey's(CASY, $229.96) beats Q2 earnings expectations, despite revenue miss
Casey's General Stores posted adjusted earnings of $3.67 per share for the quarter ended October, which exceeded the Zacks Consensus Estimate of $3.27 per share (according to Zacks Equity Research). Earnings were $2.59 per share a year ago.
Revenues of $3.98 billion for the quarter missed the Zacks Consensus Estimate by 4.14%. This compares to year-ago revenues of $3.26 billion. Inside Same-store sales climbed +7.9% year-over-year and 14.4% on a two-year stack basis.
The company updated its fiscal 2023 outlook, with current expectation of same-store inside sales to be approximately 5% to 7%. Total operating expense rise outlook is near the low end of the annual range which was approximately 9% to 10%. The tax rate is now expected to be between 24% and 25% for the year.
CASY sees MACD Histogram crosses below signal line
CASY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 19, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CASY as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CASY moved below its 50-day moving average on March 03, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CASY crossed bearishly below the 50-day moving average on March 06, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CASY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for CASY's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CASY advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .
CASY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 315 cases where CASY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.959) is normal, around the industry mean (12.561). P/E Ratio (25.056) is within average values for comparable stocks, (36.882). Projected Growth (PEG Ratio) (2.144) is also within normal values, averaging (2.650). Dividend Yield (0.005) settles around the average of (0.034) among similar stocks. P/S Ratio (0.809) is also within normal values, averaging (19.514).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CASY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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General Information
an operator of convenience stores and gasoline stations
Industry SpecialtyStores