Casey’s General Stores Earnings Beat Estimates. Why the Stock Is Falling.

Live updates

1. 31d ago

   Casey's General Stores Stock Falls Despite Earnings Beat

   Casey's General Stores shares dropped despite beating analyst earnings and revenue estimates in Q1 2027. The company reported $5.68 billion in revenue, a 24.3% increase year over year, and $7.37 in earnings per share, topping the $6.78 analyst consensus. However, same-store sales grew only 3.2%, short of the expected 3.8% growth.

   Why it matters

   The drop in shares may be attributed to softening sales metrics. Casey's General Stores' performance is significant as it operates in the consumer staples sector, which is closely watched for signs of economic health. The company's stock has a market capitalization of $22.41 billion and a P/E ratio of 29.20.

   What is confirmed

   • Casey's General Stores reported $5.68 billion in revenue for Q1 2027, a 24.3% increase year over year.
   • The company's earnings per share were $7.37, beating the $6.78 analyst consensus.
   • Same-store sales grew by 3.2%, falling short of the expected 3.8% growth.
   • Casey's General Stores' market capitalization is $22.41 billion.
   • The company's P/E ratio is 29.20.

   Still unconfirmed

   • Zacks Research analysts lowered their Q2 2027 earnings per share estimates for Casey's General Stores.

   What to watch next

   • Casey's General Stores' next earnings date, estimated for December 8, 2026
   • The company's performance in Q2 2027, particularly same-store sales growth
   Sources used for this update (7)

   1. www.marketbeat.com — Top 50 Consumer Staples Stocks
   2. finance.yahoo.com — Casey’s General Stores (CASY) Beat Estimates, So Why Did Wall ...
   3. www.marketbeat.com — Casey's General Stores (CASY) Earnings Date and Reports 2026
   4. www.marketbeat.com — Zacks Research Issues Pessimistic Forecast for CASY Earnings
   5. stockanalysis.com — Casey's General Stores (CASY) Stock Price & Overview
   6. www.marketbeat.com — CASY News Today | Why did Casey's General Stores stock go up ...
   7. stockanalysis.com — Casey's General Stores (CASY) Q4 2026 Earnings Call ...
   confidence 90%
2. 40d ago

   Casey's Stock Slides Despite Strong Q1 Earnings Beat

   Casey’s General Stores shares dropped following the release of fiscal first-quarter results on September 9, 2026, despite beating analyst earnings and revenue estimates during its busiest quarter. The company reported revenue of $5.68 billion, representing a 24.3% increase year over year, and earnings per share of $7.37, which topped the $6.78 analyst consensus. However, investors punished the stock due to softening sales metrics. Same-store sales grew by only 3.2%, falling short of the 3.8% growth expected by Wall Street.

   Why it matters

   The company's recent stock decline follows a record run that previously led Wells Fargo to adjust its price target down to $750 from $960 while keeping an overweight rating. Market participants are currently balancing the retailer's overall growth execution against softer individual sales metrics. CEO Darren Rebelez addressed the performance during the reporting period.

   What is confirmed

   • Casey’s General Stores, Inc. reported fiscal first-quarter revenue of $5.68 billion on September 9, 2026.
   • First-quarter revenue increased 24.3% year over year.
   • Earnings per share reached $7.37, beating the $6.78 analyst consensus.
   • Same-store sales grew 3.2%, which was below the 3.8% Wall Street expectation.

   Still unconfirmed

   • Shares fell roughly 10-15% following the earnings release.

   What to watch next

   • Future quarterly same-store sales growth compared to Wall Street expectations
   • Analyst revisions and subsequent price target updates following the earnings report
   Sources used for this update (2)

   1. www.desmoinesregister.com — Investment superstar Casey's sees stock price slide after record run
   2. finance.yahoo.com — Casey’s (CASY) Beats on Profit, but a Soft Sales Number Sends the Stock Tumbling
   confidence 100%
3. 50d ago

   Casey's Stock Drops Despite Q1 Earnings Beat

   Casey's General Stores stock fell and led the S&P 500 lower despite reporting increased income during its busiest quarter of the year. While first-quarter earnings exceeded estimates and overall revenue rose, the company experienced a decline in same-store sales growth. This performance triggered a price target reduction from Wells Fargo, which lowered its target to $750 from $960 while maintaining an overweight rating. Investors are weighing the company's successful growth plan against the softening of specific sales metrics.

   Why it matters

   Casey's operates as a major convenience store chain where quarterly performance is heavily influenced by seasonal demand. Same-store sales growth is a key metric for investors to judge organic growth versus expansion through new locations.

   What is confirmed

   • Casey's first-quarter earnings beat estimates.
   • The company reported increased income during its busiest quarter of the year.
   • Same-store sales growth declined despite an increase in revenue.
   • Casey's stock led the S&P 500 lower following the earnings report.

   Still unconfirmed

   • Wells Fargo maintains an overweight rating for the stock.

   What to watch next

   • Further analyst revisions to price targets
   • Quarterly updates on same-store sales recovery
   • Updates on the execution of the company's growth plan
   Sources used for this update (7)

   1. barrons.com — Casey’s Earnings Beat Estimates. Why the Stock Is Falling.
   2. WSJ — Casey’s Same-Store Sales Growth Declines Despite Higher Revenue
   3. Yahoo Finance — Casey's (CASY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
   4. NACS — Casey’s Reports Increased Income in ‘Busiest Quarter of the Year’
   5. marketscreener.com — Wells Fargo Adjusts Casey's General Stores Price Target to $750 From $960, Maintains Overweight Rating
   6. Yahoo Finance — Why Casey’s General Stores Stock Is Leading the S&P 500 Lower Today
   7. Yahoo Finance — Casey’s (CASY) Growth Plan Is Gaining Traction—Can It Keep Delivering?
   confidence 90%