Here's Why Casey's General Stores (CASY) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
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 Jul 31, 2023, there were a total of 2,536 stores in operation.
CASY is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 9% year-over-year for the current fiscal year, with sales growth of 0.3%.
Six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.18 to $12.64 per share for 2024. CASY boasts an average earnings surprise of 17.8%.
Looking at cash flow, Casey's General Stores is expected to report cash flow growth of 16.1% this year; CASY has generated cash flow growth of 15.4% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CASY should be on investors' short lists.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
