Snapshot

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.

Valuations

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%.

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