Earnings Growth & Price Strength Make Casey's General Stores (CASY) a Stock to Watch
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Casey's General Stores (CASY)
Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of Oct 31, 2023, there were a total of 2,592 stores in operation.
On August 20, 2019, CASY was added to the Zacks Focus List at $171.98 per share. Shares have increased 74.29% to $299.75 since then.
For fiscal 2024, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.16 to $12.89. CASY boasts an average earnings surprise of 17.8%.
Additionally, Casey's General Stores' earnings are expected to grow 11.1% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like CASY offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
