8 Dec

Casey’s General Stores: What to Expect from Its 2Q18 Results

WRITTEN BY Sonya Bells

Snapshot

Casey’s General Stores (CASY) will report its 2Q18 results on December 12, 2017.

Wall Street predicts a 3% YoY (year-over-year) fall in Casey’s 2Q18 earnings to $1.40 per share. The total sales are projected to rise 13.5% YoY to $2.18 billion. Casey’s has missed consensus revenue expectations in the last five consecutive quarters and bottom-line expectations in four of the five quarters.

Casey’s General Stores: What to Expect from Its 2Q18 Results

In this series, we’ll discuss Casey’s recent financial performance and expectations for the coming quarter.

Casey’s has a market capitalization of $4.7 billion as of December 7, 2017. It’s part of the SPDR S&P Retail ETF (XRT) with a weight of ~1.1%.

Valuations

Currently, Casey’s is trading at a one-year forward price-to-earnings ratio of 29x—compared to the three-year average of 21x. It trades at a premium to Kroger (KR) (13x), Supervalu (SVU) (7.8x), Walmart (WMT) (21x), and Murphy USA (MUSA) (18.2x).

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