Casey’s General Stores (CASY) reported its financial results for 2Q18 after the market closed on December 11, 2017. The results relate to the three-month period ending on October 31, 2017.

The company fell short of Wall Street’s top and bottom-line expectations. The adjusted earnings per share stood at $1.28 and missed the consensus by a huge margin of $0.12, according to data compiled by Thomson Reuters. The total revenue was $2.15 billion—$25 million short of Wall Street’s expectations.

Casey’s 2Q18 Results Missed on Revenue and Earnings

In this series, we’ll discuss the company’s key revenue drivers for the quarter.

Casey’s stock price fell more than 11% in the trading session after the results. It was also downgraded by at least one brokerage house. In Part 6, we’ll discuss the company’s recent stock market performance and Wall Street’s ratings.


Currently, Casey’s is trading at a one-year forward price-to-earnings ratio of 23x—compared to the three-year average of 21.7x. It trades at a premium to Kroger (KR) (13.2x), Supervalu (SVU) (8.3x), Walmart (21x), and Murphy USA (MUSA) (17.5x).

Casey’s is part of the SPDR S&P Retail ETF (XRT) with a weight of 1%.

Latest articles

President Trump is not happy with the present Fed rate cut. He wants the cutback to be higher. So high that the interest rates are negative.

Yesterday, Goldman Sachs' strategist warned of high volatility in October. Based on Goldman Sachs' data, since 1928 volatility in October is 25% higher.

On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.

The Chinese delegation canceled planned goodwill visits to US farms because of trade war escalations. This affected markets yesterday.

Tesla (TSLA) CEO Elon Musk is one of the most widely followed billionaires on Twitter. His love for Twitter is no secret.

The pace that internet video streaming has evolved is nothing short of revolutionary. Streaming is a serious threat to the cable TV industry.