Casey's General Stores Stock (NASDAQ: CASY)

Casey's General Stores (NASDAQ:CASY) Stock, Quote.Headers.trade-ideas

Casey's General Stores

Casey's serves as the nation's third-largest convenience store chain with its nearly 2,900 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.

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Caseys General Stores, Inc. - Common Stock

Casey's General Stores Inc

Casey's General Stores's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NYSE">CASY</a>) short percent of float has fallen 20.16% since its last report. The company recently reported that it has 744 thousand shares sold short, which is 2.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Casey's General Stores Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736535622_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Casey's General Stores has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Casey's General Stores's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Casey's General Stores's peer group average for short interest as a percentage of float is 9.49%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Casey's General Stores's Recent Short Interest

WIIM

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CASK

CELH

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Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

BMO Capital analyst Kelly Bania reinstates Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Market Perform and raises the price target from $400 to $450.

News

Price Target

Initiation

Analyst Ratings

BMO Capital Reinstates Market Perform on Casey's General Stores, Raises Price Target to $450

Evercore ISI Group analyst Michael Montani maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Outperform and raises the price target from $460 to $470.

Evercore ISI Group Maintains Outperform on Casey's General Stores, Raises Price Target to $470

6 analysts have expressed a variety of opinions on Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $415.67, a high estimate of $454.00, and a low estimate of $337.00. This upward trend is apparent, with the current average reflecting a 4.64% increase from the previous average price target of $397.25.
<img src="https://www.benzinga.com/files/images/story/2024/1733850014_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Casey's General Stores. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$428.00</td>
<td>$403.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$454.00</td>
<td>$451.00</td>
</tr>
<tr>
<td>Chuck Grom</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Hold</td>
<td>$400.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$440.00</td>
<td>$435.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$435.00</td>
<td>-</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$337.00</td>
<td>$300.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Casey's General Stores. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Casey's General Stores compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Casey's General Stores's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Casey's General Stores's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CASY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Casey's General Stores analyst ratings.</a>
<h2>Get to Know Casey's General Stores Better</h2>
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
<h3>Casey's General Stores's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Casey's General Stores's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.91% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Casey's General Stores's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.4% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Casey's General Stores's ROE excels beyond industry benchmarks, reaching 5.83%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Casey's General Stores's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.81% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Casey's General Stores's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.51.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Casey's General Stores Through Analyst Insights

RBC Capital analyst Irene Nattel maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Sector Perform and raises the price target from $403 to $428.

RBC Capital Maintains Sector Perform on Casey's General Stores, Raises Price Target to $428

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) reported its Q2 earnings results on Monday, December 9, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Casey's General Stores beat estimated earnings by 14.000000000000002%, reporting an EPS of $4.85 versus an estimate of $4.27.
Revenue was down $117.40 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company beat on EPS by $0.32 in the previous quarter, leading to a 7.000000000000001% increase share price change the next day.
Here's a look at Casey's General Stores's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.51</td>
<td>1.74</td>
<td>2.13</td>
<td>3.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.83</td>
<td>2.34</td>
<td>2.33</td>
<td>4.24</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>4.16B</td>
<td>3.45B</td>
<td>3.54B</td>
<td>4.07B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>4.10B</td>
<td>3.60B</td>
<td>3.33B</td>
<td>4.06B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Casey's General Stores <a href="https://www.benzinga.com/quote/CASY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Breakdown: Casey's General Stores Q2

Casey's is updating the 2025 outlook primarily due to the acquisition of Fikes, which closed on November 1, 2024.
For Casey's total fiscal 2025 year outlook including the impact of the Fikes acquisition: EBITDA is expected to increase at least 10%. Total operating expenses are expected to increase 11% to 13% for the fiscal year, including approximately $25 to $30 million in one-time deal and integration costs, while same-store operating expense excluding credit card fees are expected to only increase 2% for the year.
 &nbsp;

Guidance

Casey's Still Expects FY25 Inside Same-Store Sales To Increase 3% To 5% And Inside Margin Comparable To FY24

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) reported quarterly earnings of $4.85 per share which beat the analyst consensus estimate of $4.26 by 13.85 percent. This is a 14.39 percent increase over earnings of $4.24 per share from the same period last year. The company reported quarterly sales of $3.95 billion which missed the analyst consensus estimate of $4.02 billion by 1.80 percent. This is a 2.91 percent decrease over sales of $4.06 billion the same period last year.

Earnings Beats

Earnings Misses

Casey's General Stores Q2 2025 GAAP EPS $4.85 Beats $4.26 Estimate, Sales $3.95B Miss $4.02B Estimate

Major U.S. indices witnessed marginal declines in premarket trading on Monday amid mixed global trade. This week, investors will be closely watching key economic indicators, with inflation data in particular focus.
Wednesday&#8217;s release of November&#8217;s consumer price index will provide insights into inflation trends. Additionally, reports on wholesale inflation, import prices, small business optimism, and initial jobless claims are scheduled for the week. Federal Reserve officials are currently in a quiet period ahead of their December meeting.
The 10-year and two-year Treasury notes yielded 4.17% and 4.11%, respectively. Expectations of a further 25 basis point rate cut in December rose to 87.1%, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.03%</td>
</tr>
<tr>
<td>Russel 2000</td>
<td>0.13%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.05% to $607.49 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropped 0.12% to $525.83, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stock markets closed mixed on Friday, with the S&amp;P 500 and Nasdaq Composite reaching new highs. The strong November jobs report, which exceeded expectations, fueled market optimism.
Technology stocks, particularly software firms, surged. Docusign Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) and Asana Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) soared over 28% and 43%, respectively, after reporting better-than-expected quarterly results and issuing upbeat forecasts. Lululemon Athletica Inc (NASDAQ: LULU also gained 16% on strong earnings and an increased share buyback program.
However, other sectors like energy, utilities, and healthcare lagged. The Dow Jones Industrial Average declined slightly.
Key Takeaways:
<ul>
<li>Strong Jobs Report: The U.S. economy added more jobs than anticipated, boosting market sentiment.</li>
<li>Tech Rally: Tech stocks outperformed, driven by strong earnings and positive guidance.</li>
<li>Sector Divergence: While tech soared, other sectors like energy and healthcare struggled.</li>
</ul>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Last Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.59%</td>
<td>19,859.77</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.83%</td>
<td>6,090.27</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.32%</td>
<td>44,642.52</td>
</tr>
<tr>
<td>Russel 2000</td>
<td>-0.57%</td>
<td>2,408.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to <a href="https://www.benzinga.com/markets/equities/24/12/42382786/morgan-stanley-narrows-down-winning-and-losing-bets-in-the-first-100-days-of-trump-administration">Morgan Stanley</a>, the Republican party's win in the 2024 elections could pave the way for significant policy changes. The note also says that concerns over trade tariffs, immigration policies, fiscal sustainability, and the scope and timing of new policies may constrain the broader economic outlook.
As per Morgan Stanley, Trump's deregulation could benefit traditional energy, but the outlook for oil is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers.
U.S. defense spending is expected to stay robust amid rising geopolitical tensions, says Morgan Stanley.
According to Morgan Stanley, the technology sector may see mixed outcomes. Cryptocurrencies and AI industries could benefit from Trump's favorable stance. However, social media and information companies may continue facing regulatory and antitrust challenges.
Charlie Bilello, the chief market strategist at Creative Planning in an X post highlighted that the world was witnessing a &#8220;widest valuation gap in history&#8221; as U..S Stocks were trading over 22x forward earnings versus 14x for international stocks.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">US Stocks are now trading at over 22x forward earnings versus 14x for International stocks, the widest valuation gap in history.<a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/e5HCGDAeSw">pic.twitter.com/e5HCGDAeSw</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1865417474046353485?ref_src=twsrc%5Etfw">December 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
David Kostin, partner and chief U.S. equity strategist at Goldman Sachs, in a <a href="https://www.linkedin.com/posts/david-kostin-3321146a_we-forecast-the-sp-500-index-will-rise-to-activity-7264675529222451200-NYjK">LinkedIn post</a> from November-end said, &#8220;We forecast the S&amp;P 500 index will rise to 6,500 by year-end 2025.&#8221;
He backed his projection by saying &#8220;Our view is predicated on continued U.S. economic expansion, earnings growth of 11% in 2025 and 7% in 2026, and a forward P/E multiple of 21.5x at the end of next year, a 1% compression from the current P/E of 21.7x. Our projected return would rank in the 46th percentile of the historical distribution of 12-month returns.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
This week&#8217;s economic calendar is packed with essential data releases that investors will keep a close eye on:
<ul>
<li>On Monday, wholesale inventories data for October will be released at 10:00 a.m. ET.</li>
<li>On Tuesday, November&#8217;s data on the NFIB optimism index will be released at 6:00 a.m. ET.</li>
<li>The revised U.S. productivity data for the third quarter will be released at 8:30 a.m. ET.</li>
<li>On Wednesday, November&#8217;s headline and core consumer price index data will be released at 8:30 a.m. ET.</li>
<li>The monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
<li>On Thursday, initial jobless claims data till Dec. 7 and the core and headline producer price index for November will be released at 8:30 a.m. ET.</li>
<li>On Friday, the import price index data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares were up 2.52% at $41.54 apiece in premarket trade ahead of its second-quarter earnings results that will be released after the closing bell on Monday, Dec. 9.</li>
<li>Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares were up 19.18% to 5.22 per share in premarket after its director Michael S. Clifton sold 125,000 shares in a transaction on Friday, December 6th. This represents a 9.5 % decrease in their ownership of the stock.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares were trading 8.76% higher at $47.78 apiece in premarket after it won a key Nasdaq extension to file its overdue annual and quarterly reports by Feb. 25.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares advanced by 7.02% to $81.70 per share in premarket trade after the company along with Anduril announced the launch of a new consortium to ensure that the U.S. government leads the world in artificial intelligence.</li>
<li>Jeffs Brands Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares were up 5.2% in premarket as the company announced that it has regained compliance status with Nasdaq's minimum bid requirement.</li>
<li>Investors are awaiting earnings results from Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), and Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, advancing 1.16% to hover around $67.98 per barrel.
The gold spot index was 0.70% higher at $2,678.31 per ounce. The Dollar Index was down 0.18% to 105.868 level.
Asian markets were mixed on Monday as Shanghai&#8217;s CSI 300 and India&#8217;s S&amp;P BSE Sensex closed lower. South Korea&#8217;s KOSPI fell 2.8% amid the ongoing political turmoil in the country. Japan&#8217;s Nikkei 225, Hong Kong&#8217;s Hang Seng, and Australia&#8217;s ASX 200 ended in green.
European markets were mixed in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">Trump&#8217;s Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a></li>
</ul>
Photo courtesy: Wikimedia

Equities

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

ASAN

DOCU

JFBR

ORCL

PLTR

RGTI

SMCI

ZBAO

US Stocks On Edge As Investors Await November Inflation Data: Super Micro, Palantir Among Stocks In Focus

<h3>Companies Reporting Before The Bell</h3>
• Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) is likely to report quarterly loss at $4.45 per share on revenue of $76.05 million. 
• VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) is projected to report quarterly earnings at $0.41 per share on revenue of $29.20 million. 
• Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $366.41 million. 
<h3>Companies Reporting After The Bell</h3>
• Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is projected to report quarterly earnings at $4.27 per share on revenue of $4.02 billion. 
• Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) is estimated to report quarterly earnings at $4.34 per share on revenue of $3.17 billion. 
• MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) is likely to report quarterly earnings at $0.69 per share on revenue of $495.72 million. 
• Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is likely to report quarterly loss at $4.98 per share on revenue of $251.62 million. 
• Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) is projected to report quarterly loss at $0.11 per share on revenue of $9.03 million. 
• Phreesia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>) is projected to report quarterly loss at $0.29 per share on revenue of $106.00 million. 
• HealthEquity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $290.00 million. 
• Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $23.75 million. 
• Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $14.11 billion. 
• Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) is projected to report quarterly loss at $0.01 per share on revenue of $148.19 million. 
• Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $113.21 million. 
• C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) is expected to report quarterly loss at $0.16 per share on revenue of $91.02 million. 
• Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is likely to report quarterly loss at $0.04 per share on revenue of $63.12 million. 
• Oil-Dri Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASYS

BRZE

GNSS

MOMO

RENT

VBNK

YEXT

Earnings Scheduled For December 9, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the S&amp;P 500 and Nasdaq Composite hitting fresh records following the release of better-than-expected November jobs data.
The S&amp;P 500 and Nasdaq recorded gains for the third straight week, gaining 0.96% and 3.34%, respectively. However, the Dow lost 0.6% during the week.
Nonfarm payrolls rose by 227,000, sharply accelerating from the previous upwardly revised 36,000 and above the expected 200,000 as per TradingEconomics estimates. The unemployment rate rose from 4.1% to 4.2%, as expected. Average hourly earnings advanced at a 0.4% monthly pace, holding steady from October&#8217;s 0.4% increase and surpassing expectations of 0.3%.
DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares jumped around 28% on Friday after the company reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates. Asana, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) shares climbed over 43% after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates.
Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares jumped around 16% after the company reported better-than-expected third-quarter financial results and increased its share buyback program by $1 billion
Most sectors on the S&amp;P 500 closed on a negative note, with energy, utilities, and healthcare stocks recording the biggest losses on Friday. However, consumer discretionary and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 123 points to 44,642.52 on Friday. The S&amp;P 500 rose 0.25% to 6,090.27, while the Nasdaq Composite climbed 0.81% to close at 19,859.77 during Friday's session.
Investors are awaiting earnings results from Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), and Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 53, the index moved to the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 54.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

LULU

S&P 500, Nasdaq Hit Record Close As November Jobs Data Beats Expectations: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading slightly lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) to report quarterly earnings at $4.33 per share on revenue of $3.17 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Toll Brothers shares rose 0.6% to $155.00 in after-hours trading.</li>
<li>Analysts are expecting Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) to post quarterly earnings at $4.29 per share on revenue of $4.02 billion. The company will release earnings after the markets close. Casey&#8217;s shares climbed 0.5% to close at $422.27 on Friday.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares climbed in after-market hours trading on Friday after the company received an extension from Nasdaq to file its overdue annual and quarterly reports by Feb. 25. Super Micro Computer shares surged 8.7% to $47.75 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) is projected to post quarterly earnings at 69 cents per share on revenue of $497.76 million. MongoDB shares gained 0.8% to $345.99 in the after-hours trading session.</li>
<li>Analysts expect Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) to post quarterly earnings at $1.48 per share on revenue of $14.11 billion after the closing bell. Oracle shares gained 0.9% to $193.35 in after-hours trading.</li>
</ul>
Check This Out:
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<li> <a href="https://www.benzinga.com/markets/24/12/42380712/how-to-earn-500-a-month-from-oracle-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Oracle Stock Ahead Of Q2 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

Toll Brothers, Oracle And 3 Stocks To Watch Heading Into Monday

Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is set to give its latest quarterly earnings report on Monday, 2024-12-09. Here's what investors need to know before the announcement.
Analysts estimate that Casey's General Stores will report an earnings per share (EPS) of $4.26. 
The market awaits Casey's General Stores's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
The company's EPS beat by $0.32 in the last quarter, leading to a 7.4% increase in the share price on the following day.
Here's a look at Casey's General Stores's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.51</td>
<td>1.74</td>
<td>2.13</td>
<td>3.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.83</td>
<td>2.34</td>
<td>2.33</td>
<td>4.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.000000000000001%</td>
<td>17.0%</td>
<td>-2.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733493748_0.png" alt="eps graph" />
<h3>Analysts' Take on Casey's General Stores</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Casey's General Stores.
Analysts have provided Casey's General Stores with 6 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $412.67, suggesting a potential 1.76% downside.
<h3>Comparing Ratings with Competitors</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Sprouts Farmers Market, Maplebear and Albertsons Companies, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Sprouts Farmers Market is favoring an Neutral trajectory, with an average 1-year price target of $131.3, suggesting a potential 68.74% downside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for Maplebear, with an average 1-year price target of $49.82, implying a potential 88.14% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Albertsons Companies, with an average 1-year price target of $23.19, indicating a potential 94.48% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
In the peer analysis summary, key metrics for Sprouts Farmers Market, Maplebear and Albertsons Companies are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Casey's General Stores</td>
<td>Buy</td>
<td>5.91%</td>
<td>$955.26M</td>
<td>5.83%</td>
</tr>
<tr>
<td>Sprouts Farmers Market</td>
<td>Neutral</td>
<td>13.57%</td>
<td>$740.92M</td>
<td>7.01%</td>
</tr>
<tr>
<td>Maplebear</td>
<td>Outperform</td>
<td>11.52%</td>
<td>$641M</td>
<td>3.92%</td>
</tr>
<tr>
<td>Albertsons Companies</td>
<td>Neutral</td>
<td>1.43%</td>
<td>$5.12B</td>
<td>4.90%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Casey's General Stores ranks highest in Revenue Growth among its peers. It also leads in Gross Profit and Return on Equity. Overall, Casey's General Stores outperforms its peers across key financial metrics.
<h3>Delving into Casey's General Stores's Background</h3>
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
<h3>Casey's General Stores's Economic Impact: An Analysis</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Casey's General Stores's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 5.91%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Casey's General Stores's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.4%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Casey's General Stores's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.83% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Casey's General Stores's ROA excels beyond industry benchmarks, reaching 2.81%. This signifies efficient management of assets and strong financial health.
Debt Management: Casey's General Stores's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.51.
<a href="https://www.benzinga.com/quote/CASY/earnings">To track all earnings releases for Casey's General Stores visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Casey's General Stores's Earnings Potential

Deutsche Bank analyst Krisztina Katai maintains Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Buy and raises the price target from $451 to $454.

Deutsche Bank Maintains Buy on Casey's General Stores, Raises Price Target to $454

Casey's General Stores shares are trading higher. The company announced it completed the acquisition of Fikes Wholesale and as a result, is adding 198 stores across Texas and southern states.

Casey's Completes Acquisition Of Fikes Wholesale, Adding 198 Stores Across Texas And Southern States, Bringing Total To 2,900; Expects Q2 Fuel Margin At 40 Cents Per Gallon

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JMP Securities analyst Reni Benjamin initiated coverage on Summit Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) with a Market Outperform rating and announced a price target of $32. Summit Therapeutics shares closed at $18.99 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Boris Van initiated coverage on Tencent Music Entertainment Group &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) with an Outperform rating and announced a price target of $14. Tencent Music shares closed at $11.12 on Friday. <a href="https://www.benzinga.com/quote/TME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Jeffrey Silber initiated coverage on KinderCare Learning Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) with a Outperform rating and announced a price target of $34. KinderCare Learning shares closed at $28.32 on Friday. <a href="https://www.benzinga.com/quote/KLC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Manav Patnaik initiated coverage on Rollins Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>) with an Equal-Weight rating and announced a price target of $50. Rollins shares closed at $47.33 on Friday. <a href="https://www.benzinga.com/quote/ROL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Gordon Haskett analyst Chuck Grom initiated coverage on Caseys General Stores Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Hold rating and announced a price target of $400. Casey&#8217;s shares closed at $393.19 on Friday. <a href="https://www.benzinga.com/quote/CASY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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SMMT

This Tencent Music Entertainment Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Gordon Haskett analyst Chuck Grom initiates coverage on Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Hold rating and announces Price Target of $400.

Gordon Haskett Initiates Coverage On Casey's General Stores with Hold Rating, Announces Price Target of $400

During the last three months, 14 analysts shared their evaluations of Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $404.43, a high estimate of $444.00, and a low estimate of $300.00. Marking an increase of 2.81%, the current average surpasses the previous average price target of $393.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1729098069_0_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Casey's General Stores. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$440.00</td>
<td>$435.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$435.00</td>
<td>-</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$337.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Anthony Bonadio</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$415.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$403.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$300.00</td>
<td>$298.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$444.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$435.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Irene Nattel</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$393.00</td>
<td>$393.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$410.00</td>
<td>$410.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Casey's General Stores. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Casey's General Stores compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Casey's General Stores's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Casey's General Stores's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CASY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Casey's General Stores analyst ratings.</a>
<h2>About Casey's General Stores</h2>
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
<h3>Unraveling the Financial Story of Casey's General Stores</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Casey's General Stores's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 5.91%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Casey's General Stores's net margin excels beyond industry benchmarks, reaching 4.4%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Casey's General Stores's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Casey's General Stores's ROA stands out, surpassing industry averages. With an impressive ROA of 2.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Casey's General Stores's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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With retailers adapting tech-powered retail innovations in 2025, the future of shopping is here. Amid this backdrop, fundamentally robust retail stocks Casey's General Stores (CASY), Walmart (WMT), and The Kroger Co. (KR) could be considered ideal buys. Read more… The retail industry is poised for a transformation in 2025, driven by technological advancements and shifting consumer preferences. Therefore, investors might consider adding three fundamentally strong retail stocks, Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>), Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>), and The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>), to their portfolio in this modern consumer-oriented world.
In today's retail world, emerging technologies like AI and automation further enhance operational efficiency and customer engagement. Also, <a href="https://www.salesforce.com/retail/ai/">58% of retailers use generative AI</a> to create assets for ads, emails, social media, and websites, which helps create personalized and targeted marketing messages more efficiently.
Moreover, retailers are deploying AI-enhanced tools such as summaries of product reviews, chatbots, and shopping assistants <a href="https://www.bain.com/insights/generative-ai-potential-to-improve-customer-experience/">in an effort to facilitate purchase decisions</a>, reduce friction, and increase conversion. Such adaption and integration of technology leverages data analytics to predict trends and also enhances customer satisfaction.
The global food and grocery retail market is anticipated to <a href="https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market">reach $14.78 trillion by 2030</a>, exhibiting a CAGR of 3.2%.
Now, let us dive deep into the fundamentals of the above-mentioned three <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> stocks, beginning with the third:
Stock #3: Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>)
CASY is a prominent convenience retailer and pizza chain in the United States. Operating over 2,600 locations under the names Casey's and Casey's General Store across 17 states, the company offers a range of products, including pizza, donuts, breakfast items, sandwiches, and tobacco and nicotine products.
On November 5, CASY announced the completion of the acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores. This acquisition will bring 148 stores in Texas and 50 stores in southern states, bringing the total CASY store count to approximately 2900 stores, which helps the company to expand its reach in every state of the United States.
CASY's trailing-12-month ROCE and ROTA of 17.16% and 6.93% are 61.5% and 78.9% higher than their respective industry averages of 10.63% and 3.87%. Likewise, its trailing-12-month asset turnover ratio of 2.15x is 147.6% above the industry average of 0.87x.
In the fiscal second quarter that ended on October 31, 2024, CASY's total revenue amounted to $3.95 billion. The company reported an adjusted EBITDA of $348.88 million, indicating a 14.1% growth from the prior year quarter. Its net income came in at $180.92 million, up 13.9% year-over-year, while its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> grew 14.4% from the prior-year quarter to $4.85.
As per the fiscal year 2025 outlook, CASY projects an EBITDA growth of at least 10%. The company plans to expand its footprint by adding approximately 270 stores through mergers &amp; acquisitions and new store construction. Additionally, CASY forecasts inside same-store sales to increase by 3% to 5%, with inside margins consistent with fiscal 2024.
Street expects CASY's revenue for the fiscal fourth quarter (ending April 2025) to increase 8.3% year-over-year to $3.90 billion. Its EPS for the same period is expected to register a 4.6% growth from the prior year, settling at $2.45. In addition, it surpassed the EPS estimates in each of the trailing four quarters, which is promising.
CASY shares have surged 36.9% over the past year and 24.8% over the past nine months to close the last trading session at $390.84.
CASY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
CASY has a B grade for Quality. It is ranked #20 out of the 36 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry. <a href="https://stocknews.com/stock/CASY/">Click here</a> to see the additional ratings for CASY (Growth, Value, Momentum, Stability, and Sentiment).
Stock #2: Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
WMT is a technology-powered omnichannel retailer that engages in the operation of retail, wholesale, other units, and e-commerce worldwide. The company functions as supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry stores. It operates through three segments: Walmart U.S.; Walmart International; and Sam's Club. 
On December 3, WMT completed the acquisition of VIZIO. This acquisition should allow WMT to use VIZIO's SmartCast Operating System, enhancing customers' shopping journeys and serving them in new ways. It should help connect customers at scale and boost product discovery.
The stock's trailing-12-month ROCE of 23.48% is 120.9% higher than the industry average of 10.63%. Similarly, its 7.47% trailing-12-month ROTA is 92.9% above the industry average of 3.87%. Also, its trailing-12-month asset turnover ratio of 2.58x compares favorably to the industry average of 0.87x.
During the fiscal third quarter, which ended on October 31, 2024, WMT's total revenue increased by 5.5% year-over-year to $169.59 billion. The company reported an operating income of $6.71 billion, indicating 8.2% growth from the prior year's quarter. WMT's attributable net income stood at $4.58 billion, up 910.4% year-over-year, while its EPS grew 850% from the year-ago value to $0.57.
According to the company's updated fiscal year 2025 guidance, WMT expects consolidated net sales growth of 4.8% to 5.1%. Its consolidated adj. operating income is expected to increase 8.5% - 9.3%. The company's adjusted EPS is set in the range of $2.42 to $2.47.
The consensus revenue estimate of $178.68 billion for the fiscal fourth quarter (ending January 2025) represents a 3.9% increase year-over-year. The consensus EPS estimate of $0.64 for the same quarter indicates a 6.7% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
The stock has gained 74% over the past year and 53.6% over the past nine months to close the last trading session at $91.80.
WMT's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Stability and a B for Momentum and Sentiment. Within the same A-rated industry, it is ranked #14 out of 36 stocks. <a href="https://stocknews.com/stock/WMT/">Click here</a> to see WMT's ratings for Growth, Value, and Quality.
Stock #1: The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>)
KR is a food and drug retailer that owns and operates in supermarkets, multi-department stores, marketplace stores, and price-impact warehouses. It offers grocery, health, and beauty care items, general merchandise (including apparel, home goods, and toys), pet centers, fresh seafood, and organic produce.
On October 8, KR announced that Boost by Kroger Plus will include Disney streaming options as part of its annual memberships. The company's members can choose from Disney+ Basic (With Ads), Hulu (With Ads), or an ESPN+ subscription as part of an inclusion benefit. This collaboration will make the program more valuable and convenient.
In the same month, KR closed the transaction to sell its specialty pharmacy business to Elevance Health. The specialty pharmacy, earlier owned by KR, serves patients with chronic illnesses that require complex care.
In terms of the trailing-12-month ROCE, KR's 22.77% is 114.2% higher than the 10.63% industry average. Similarly, its 2.64x trailing-12-month asset turnover ratio is 204.8% higher than the industry average of 0.87x.
For the nine-month period, which ended on November 9, KR's sales were $112.82 billion. The company's operating profit rose 54.4% from the prior year's value to $2.94 billion. KR's attributable net earnings came in at $2.03 billion and $2.77 per share, reflecting an increase of 42.1% year-over-year.
Per the updated financial guidance for 2024, KR forecasts identical sales without fuel between 1.2% and 1.5%. The company expects adjusted FIFO operating profit to be in the range of $4.60 billion to $4.70 billion. Also, its adjusted net earnings per share is forecasted to lie between $4.35 and $4.45.
Analysts expect KR's revenue and EPS for the current year (ending January 2025) to be $147.85 billion and $4.44, respectively. For the fiscal year 2026, its revenue and EPS are expected to grow marginally and by 6.8% from the prior year to $149.22 billion and $4.74, respectively.
Shares of KR have surged 28.1% over the past year and 13.4% over the past six months to close the last trading session at $58.90.
KR's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Value, Sentiment, and Quality. Out of 36 stocks in the Grocery/Big Box Retailers industry, KR is ranked #9. <a href="https://stocknews.com/stock/KR/">Click here</a> to see KR's rating for Growth, Momentum, and Stability.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
WMT shares were trading at $91.80 per share on Thursday afternoon, up $0.99 (+1.09%). Year-to-date, WMT has gained 1.60%, versus a 0.58% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/wmt-kr-casy-3-retail-stocks-set-to-thrive-in-2025-and-beyond/>3 Retail Stocks Set To Thrive in 2025 and Beyond</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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