Casey's General Stores, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Casey's General Stores, Inc. (NASDAQ:CASY) last week reported its latest third-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results look mixed - while revenue fell marginally short of analyst estimates at US$3.3b, statutory earnings beat expectations 8.8%, with Casey's General Stores reporting profits of US$2.33 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Casey's General Stores

After the latest results, the 15 analysts covering Casey's General Stores are now predicting revenues of US$15.7b in 2025. If met, this would reflect a satisfactory 7.4% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 8.2% to US$13.77. In the lead-up to this report, the analysts had been modelling revenues of US$16.0b and earnings per share (EPS) of US$13.77 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of US$323, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Casey's General Stores, with the most bullish analyst valuing it at US$355 and the most bearish at US$271 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Casey's General Stores' past performance and to peers in the same industry. We would highlight that Casey's General Stores' revenue growth is expected to slow, with the forecast 5.9% annualised growth rate until the end of 2025 being well below the historical 16% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.5% annually. Even after the forecast slowdown in growth, it seems obvious that Casey's General Stores is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Casey's General Stores going out to 2026, and you can see them free on our platform here..

Even so, be aware that Casey's General Stores is showing 1 warning sign in our investment analysis , you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.