Why Casey's General Stores (CASY) is a Top Stock for the Long-Term
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
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.
CASY was added to the Zacks Focus List on August 20, 2019 at $171.98 per share. Since then, shares have increased 78.6% to $307.15.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.11 to $13. CASY boasts an average earnings surprise of 17.8%.
Additionally, Casey's General Stores' earnings are expected to grow 12.1% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CASY, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
