It's been a pretty great week for Casey's General Stores, Inc. (NASDAQ:CASY) shareholders, with its shares surging 11% to US$500 in the week since its latest full-year results. The result was positive overall - although revenues of US$16b were in line with what the analysts predicted, Casey's General Stores surprised by delivering a statutory profit of US$14.64 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from Casey's General Stores' 16 analysts is for revenues of US$17.4b in 2026. This reflects a decent 9.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 8.0% to US$15.90. Before this earnings report, the analysts had been forecasting revenues of US$17.6b and earnings per share (EPS) of US$15.69 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
View our latest analysis for Casey's General Stores
The consensus price target rose 11% to US$500despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Casey's General Stores' earnings by assigning a price premium. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Casey's General Stores analyst has a price target of US$575 per share, while the most pessimistic values it at US$333. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Casey's General Stores' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 9.1% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% per year. 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. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Casey's General Stores going out to 2028, and you can see them free on our platform here..
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Casey's General Stores that you should be aware of.
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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.