Compared to Estimates, Casey's (CASY) Q2 Earnings: A Look at Key Metrics

For the quarter ended October 2024, Casey's General Stores (CASY) reported revenue of $3.95 billion, down 2.9% over the same period last year. EPS came in at $4.85, compared to $4.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.01 billion, representing a surprise of -1.48%. The company delivered an EPS surprise of +14.39%, with the consensus EPS estimate being $4.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Casey's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same-store sales - Grocery & General Merchandise - YoY change: 3.6% versus 4.1% estimated by three analysts on average. Number of Stores (EOP): 2,685 compared to the 2,690 average estimate based on three analysts. Number of Fuel gallons sold: 775.91 million versus 762.51 million estimated by three analysts on average. Same-store sales - Prepared Food & Dispensed Beverage - YoY change: 5.2% versus the three-analyst average estimate of 5.2%. Same-store sales - Fuel gallons - YoY change: -0.6% compared to the 0.2% average estimate based on three analysts. Number of Stores (BOP): 2,658 versus 2,674 estimated by two analysts on average. Net Sales- Fuel: $2.41 billion versus the three-analyst average estimate of $2.50 billion. The reported number represents a year-over-year change of -8.8%. Net Sales- Other: $64.62 million versus the three-analyst average estimate of $66.41 million. The reported number represents a year-over-year change of -9%. Net Sales- Prepared Food & Dispensed Beverage: $417.83 million compared to the $418.61 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year. Net Sales- Grocery & General Merchandise: $1.05 billion versus the three-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +8.8%. Gross Profit- Grocery & General Merchandise: $374.19 million versus $361.60 million estimated by three analysts on average. Gross Profit- Prepared Food & Dispensed Beverage: $245.46 million versus $244.84 million estimated by three analysts on average. View all Key Company Metrics for Casey's here>>>Shares of Casey's have returned +2.3% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Casey's General Stores, Inc. (CASY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks