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1Q18 Earnings Preview: Can Casey's Beat Expectations This Time?

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Part 4
1Q18 Earnings Preview: Can Casey's Beat Expectations This Time? PART 4 OF 4

Casey’s Earnings to Fall Once Again in 1Q18

Casey’s earnings to fall by 28% in 4Q17

Casey’s General Stores (CASY), which will be reporting its first-quarter results on September 6, is projected to post a 15% YoY (year-over-year) fall in earnings to $1.45 per share.

The company’s earnings have fallen for the last three consecutive quarters, and have missed Wall Street’s expectations for the last four quarters. As discussed in the previous section, a shortfall in the company’s grocery and prepared food segments was responsible for the miss.

Casey’s Earnings to Fall Once Again in 1Q18

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Operating expenses: Key area of focus for fiscal 2018

Management is looking to tighten operating expenses in fiscal 2018 by squeezing wages, improving productivity, and reducing advertising costs. It expects operating expense growth of 9%–11% in fiscal 2018, compared with 11.2% growth during the previous year.

Fiscal 2018 likely to be better than fiscal 2017

seen in fiscal 2017. This figure is better than the expected earnings growth of supermarket giant Kroger (KR) and retail juggernaut Walmart (WMT), which are likely to see In fiscal 2018, earnings per share are projected to increase 4.5% YoY to $4.68, compared with a YoY fall of 22% seen in fiscal 2017. This figure is better than the expected earnings growth of supermarket giant Kroger (KR) and retail juggernaut Walmart (WMT), which are likely to see next-12-month growth of 1.2% and 3.3%, respectively. Investors looking for exposure to Casey’s could consider the ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), which invests ~2.3% of its holdings in the company.

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