Iowa-based Casey’s General Stores (CASY) is slated to report its fourth-quarter 2017 and fiscal 2017 results on Tuesday, June 6, 2017.
Wall Street has predicted a 28.0% YoY (year-over-year) fall in the retailer’s earnings to $0.86 per share. Total sales for 4Q17 are projected to rise 18.8% YoY to $1.9 billion. The company fell short of Wall Street’s earnings and revenue estimates in the three previous quarters of the current fiscal year.
Casey’s General Stores and its subsidiaries operate 1,950 convenience stores in the United States. The company sells fuel and a wide range of grocery items and prepared foods in 15 Midwestern states.
Casey’s makes up 1.0% of the portfolio holdings of the SPDR S&P Retail ETF (XRT).
Casey’s has touched its 52-week high and is currently trading at a one-year forward PE (price-to-earnings) ratio of 24.7x. That compares to its three-year average PE ratio of 21.0x.
What’s this series all about?
This series is a preview of Casey’s 4Q17 results. We’ll look at the company’s year-to-date financial performance, its key revenue drivers, and its stock market performance and current valuation. We’ll also see what Wall Street analysts are recommending for the company.