Yahoo Finance Earnings Growth & Price Strength Make Casey's General Stores (CASY) a Stock to Watch
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Casey's General Stores (CASY)
Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of Jan 31, 2024, there were a total of 2,639 stores in operation.
Since being added to the Zacks Focus List on August 20, 2019 at $171.98 per share, shares of CASY have increased 94.17% to $333.22.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.05 to $12.81. CASY also boasts an average earnings surprise of 12%.
Earnings for Casey's General Stores are forecasted to see growth of 10.4% for the current fiscal year as well.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CASY, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
