On June 10, Caseys General Stores rose 5.1% in pre-market trading, trading at $800.33/share, with trading volume of $7.4027 million. The stock had already gained 2.87% in after-hours trading following the earnings release.
On the news front, the company reported fourth fiscal quarter results that significantly exceeded market expectations. EPS came in at $4.37, beating the analyst consensus estimate of $3.31 by 32%, representing a 66.16% year-over-year increase from $2.63 per share in the prior-year period. Revenue totaled $4.572 billion, also surpassing the consensus estimate of $4.300 billion.
Multiple institutions have maintained positive outlooks on the stock. Gordon Haskett raised its target price from $800 to $850 while maintaining a Buy rating. Royal Bank of Canada adjusted its target price slightly higher to $794, maintaining a Sector Perform rating. The average analyst target price stands at approximately $843, above the current trading level.
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