Casey's General Stores Misses Where it Counts
Casey's General Stores (NAS: CASY) reported earnings on June 26. 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 missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share was unchanged.
Margins shrank across the board.
Casey's General Stores logged revenue of $1.75 billion. The six analysts polled by S&P Capital IQ expected a top line of $1.75 billion on the same basis. GAAP reported sales were 66% higher than the prior-year quarter's $1.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The seven earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. GAAP EPS of $0.60 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.0%, 660 basis points worse than the prior-year quarter. Operating margin was 2.5%, 180 basis points worse than the prior-year quarter. Net margin was 1.3%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.99 billion. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $7.80 billion. The average EPS estimate is $3.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 116 members out of 130 rating the stock outperform, and 14 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Casey's General Stores a green thumbs-up, and four 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 outperform, with an average price target of $57.53.
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The article Casey's General Stores Misses Where it Counts originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.