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Casey's (CASY) to Report Q2 Earnings: What's in the Cards? 

Casey's General Stores, Inc. CASY is likely to have registered improvement in the bottom line when it reports second-quarter fiscal 2020 numbers. Notably, this operator of convenience stores had reported solid earnings and comfortably surpassed the Zacks Consensus Estimate in the preceding four quarters by 30.2%, on average. In the last reported quarter, the company delivered positive earnings surprise of 12.7%. For the to-be-reported quarter, the Zacks Consensus Estimate for earnings is currently pegged at $2.12, suggesting an improvement of 17.8% from the year-ago quarter’s reported figure. We note that the consensus mark has remained unchanged in the past 30 days. The Zacks Consensus Estimate for revenues is pegged at $2,563 million, indicating an increase of 1% from the year-ago period. We note that the top and bottom lines increased 1.5% and 21.6%, respectively, in the last reported quarter. Key Factors to Note Casey's has been benefiting from its Value Creation Plan. This includes new fleet card program, price and product optimization, digital engagements comprising mobile app and online ordering capabilities, cost containment efforts as well as capital reallocation plan. Also, management has been focusing on improving distribution efficiency. The company has launched the new Casey’s.com e-commerce website, rolled out new mobile app, initiated fuel price optimization platform across all outlets. Cumulatively, these have been aiding the company’s top and bottom-line performance. Notably, the Zacks Consensus Estimate for revenues for Grocery & Other Merchandise and Prepared Food & Fountain suggests an increase of 7.9% and 7% to $667 million and $303 million, respectively, for the quarter-to-be-reported. However, the consensus mark for Fuel sales indicates a decline of 3.1% to $1,571 million. We note that the company has been grappling with soft fuel gallons same-store sales. The Zacks Consensus Estimate for the metric calls for a decline of 1% for the quarter under review. Nevertheless, same-store sales for Grocery & Other Merchandise and Prepared Food & Fountain suggest an increase of 3.9% and 2.9%, respectively. We also remain concerned about higher operating expenses. Certainly, any increase in operating expenses may weigh on margins. Further, any rise in wholesale fuel costs and higher input costs is a concern. Casey's General Stores, Inc. Price, Consensus and EPS Surprise  Casey's General Stores, Inc. Price, Consensus and EPS Surprise More Casey's General Stores, Inc. price-consensus-eps-surprise-chart | Casey's General Stores, Inc. Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for Casey's this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Casey's carries a Zacks Rank #3 but has an Earnings ESP of 0.00%. 3 Stocks With Favorable Combination Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Costco COST has an Earnings ESP of +1.01% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. G-III Apparel Group GIII has an Earnings ESP of +0.94% and a Zacks Rank #3. Big Lots BIG has an Earnings ESP of +3.85% and a Zacks Rank #3. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.” Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.6% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Big Lots, Inc. (BIG) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here.

Qutoutiao Inc. (QTT) CEO Eric Tan on Q3 2019 Results - Earnings Call Transcript 

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CN Cuts Earnings Outlook On Strike Hit 

Canadian National (NYSE: CNI) lowered its earnings guidance based on the impact of the recent eight-day rail strike.  CN said on Dec. 3 that it expects adjusted earnings per share (EPS) growth in the low-to-mid single range for 2019. In October, the company had projected a high-single-digit growth on the 2018's C$5.50 EPS. (A Canadian dollar equals US$0.75.) CN estimated that the strike by about 3,200 Teamsters members cost C$0.15 per share. The walkout, which ended on Nov. 26, saw CN's rail network capacity plunge by 90%. Weekly performance figures, also released on Dec. 3, shows the extent of the strike's impact. Revenue-ton-miles fell by nearly 36% compared to a year earlier.  Outbound rail volumes plunged in Toronto during the CN strike – as seen on FreightWaves' SONAR platform. At CN's largest yard, near Toronto, dwell times reached 84.4 hours – compared with 25.3 prior to the strike. Network-wide, performance plummeted to 136 car miles per day – compared to 208 before the strike. Nevertheless, CEO JJ Ruest said CN's "recovery plan is delivering results." "While we expect to take some time and we remain dependent on favorable weather, we are pleased by how things are progressing," Ruest said in a statement. "Safety is at the heart of everything we are doing as we bring our Canadian operations back online and we have not experienced any significant setbacks at this point."CN already had warned of a slower than expected 2019 after it released third-quarter earnings in October, citing lower rail volumes and a slower economy. Prior to the strike, the CN also announced layoffs, citing the slowdown. Image Sourced from Pixabay 0 See more from Benzinga © 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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