Stock of the Day

Today's Trend

Casey’s General Stores, Inc. (NASDAQ: CASY) is receiving mixed signals. Strong inside-store sales and favorable long-term earnings revisions support the shares, while near-term estimate cuts and reduced Wall Street targets are limiting investor enthusiasm.

• Inside same-store sales increased 3.2%, led by stronger pizza and beverage demand. The performance supported customer traffic, prepared-food growth and margins, although beer and snack sales were softer. Casey's Inside Same-Store Sales Rise on Food & Beverage Strength
• Zacks raised its earnings forecasts for fiscal 2027, fiscal 2028 and fiscal 2029, including increasing its FY2029 EPS estimate to $26.28 from $25.37. The revisions suggest expectations for continued longer-term earnings growth, despite Zacks retaining a Hold rating.
• The company’s latest quarterly results beat expectations, with earnings of $7.37 per share versus the $6.78 consensus estimate and revenue of $5.68 billion versus $5.56 billion. Revenue grew 24.3% year over year.
• Reported short interest was zero shares as of September 24, implying no measurable short-selling pressure based on the supplied data. The figure may reflect a reporting-data issue because the entry describes a “significant increase” despite showing zero shares.
• Casey’s was included among grocery stocks worth watching, but the item provided no specific catalyst, recommendation or fundamental update. Best Grocery Stocks Worth Watching - September 21st
• Wall Street reportedly cut its price targets even after Casey’s earnings beat estimates, indicating concerns about valuation, forward growth or the sustainability of recent performance. Casey’s General Stores Beat Estimates, So Why Did Wall Street Cut Its Targets?
• Zacks lowered its Q2 fiscal 2027 EPS estimate to $5.73 from $6.30 and trimmed several later-quarter forecasts. These near-term reductions could weigh on the stock despite increases to some longer-term estimates.