Casey's General Stores, Inc. (CASY) earnings on September 8, 2026
More Casey's General Stores, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock dropped sharply after releasing its earnings results. Despite briefly rising earlier in the day, it finished down 14%.
CASY price around the earnings
629.03
Change: -14.2%
2026-09-09, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Strong earnings history offset by negative sentiment
Analysts note strong earnings history but recent downgrades and consistent negative price movement suggest caution. The very negative crowd positioning (sentiment) outweighed the slightly negative technical setup, leading to a pessimistic outlook.
Context analyzed before publication
- Summary
- Strong earnings history offset by negative sentiment
- Playbook
- The stock shows strong earnings track record but has experienced consistent selling pressure over 30 days with recent analyst downgrades creating additional caution. Relative strength lags the broader market significantly.
- Trend
- Sentiment deteriorating with recent analyst downgrades
Analysts
Drivers
-
Analysts
Negative
Recent downgrades by major banks JPM and UBS to Neutral rating context fading confidence among professional analysts despite a high price target of $939, which implies 28.5% potential upside. This gap between targets and actual ratings indicates caution about near-term prospects.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.65
- Analysts covering the stock
- 18
- Average price target
- 939.06
- Lowest price target
- 795
- Highest price target
- 1,069
- Upside to price target
- 28.5%
- Quarterly earnings growth
- 65.5%
- Revenue growth
- 14.5%
- Forward EPS
- 23.62
- Trailing EPS
- 19.13
- Analyst moves in the last 60 days
- 2
- Strong buy: 1
- Buy: 13
- Hold: 6
- Sell: 0
- Strong sell: 0
- Strong buy
- 1
- Buy
- 13
- Hold
- 6
- Sell
- 0
- Strong sell
- 0
- September 3, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- August 27, 2026 · UBS: Maintains rating (Neutral → Neutral)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (6)
- Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Fall as Oil Tops $99 Despite Trump’s Price Drop Prediction— ASML, NVS, CASY in Focus (UPDATED) (opens in a new tab) — Benzinga
- United Natural Foods, ABM Industries and 3 Stocks to Watch Heading Into Tuesday (opens in a new tab) — Benzinga
- Casey's Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- JP Morgan Maintains Neutral on Casey's General Stores, Lowers Price Target to $833 (opens in a new tab) — Benzinga
- UBS Maintains Neutral on Casey's General Stores, Lowers Price Target to $925 (opens in a new tab) — Benzinga
- If You Invested $1000 In Casey's General Stores Stock 20 Years Ago, You Would Have This Much Today (opens in a new tab) — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has dropped 11.34% over the past 30 days while the broader market remained flat, creating an 11.39% relative weakness gap. This sustained downward trend from early September indicates consistent selling pressure from institutional investors.
Evidence
- Price when the context was analyzed
- 756.36
- Average true range (ATR)
- 2.9%
- Distance to 52-week high
- -20.1%
- 14-day change (14d)
- -9.5%
- 30-day change (30d)
- -11.3%
- 30-day relative strength
- -11.4%
- SPY change (30d)
- +0.1%
- Nearest support
- 750.27
- Distance to nearest support
- 0.8%
- Nearest resistance
- 757.6
- Distance to nearest resistance
- 0.2%
- Volume accumulation ratio (14d / 46d)
- 0.7
- Minor: 750.27 (0.8% away, 0.28 ATR, 9 touches)
- Minor: 739.33 (2.3% away, 0.78 ATR, 9 touches)
- Minor: 729.87 (3.5% away, 1.21 ATR, 9 touches)
- Minor: 757.6 (0.2% away, 0.06 ATR, 8 touches)
- Mid: 763.34 (0.9% away, 0.32 ATR, 19 touches)
- Minor: 772.3 (2.1% away, 0.73 ATR, 7 touches)
Trends
Evidence
- Average earnings surprise
- +17.6%
- June 9, 2026: actual EPS 4.37 vs estimate 3.31 (surprise +32.1%)
- March 9, 2026: actual EPS 3.49 vs estimate 2.99 (surprise +16.9%)
- December 9, 2025: actual EPS 5.53 vs estimate 5.2 (surprise +6.3%)
- September 8, 2025: actual EPS 5.77 vs estimate 5 (surprise +15.3%)
Expected move
Drivers
-
Past earnings
Positive
The company has beaten earnings expectations in most quarters over the past year, exceeding forecasts by an average of 17.6%. Analysts note this record but the scenario points pessimistic.
- Implied move
- +3.6%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 5.1%
- 75th percentile move
- 7.8%
- 90th percentile move
- 12%
- Up / down moves
- 11 / 9
- Average up move
- +9.0%
- Average down move
- -3.0%
Monitoring and close
What Casey's General Stores, Inc. reported
- Status
- Finished
| Actual EPS | 7.37 |
|---|---|
| EPS estimate | 6.82 |
| EPS surprise | +8.1% |
Casey's General Stores reported first-quarter earnings that topped Wall Street expectations, with EPS of $7.37 versus $6.72 forecast and sales of $5.678 billion. Shares fell in after-hours market review.
Sources (9)
- Casey's (CASY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
- Casey’s Earnings Beat Estimates. Why the Stock Is Falling. (opens in a new tab) — Barrons.com
- Casey's General Stores (CASY) Q1 Earnings and Revenues Beat Estimates (opens in a new tab) — Zacks
- Casey's General Stores Stock Tumbles After Q1 Earnings (opens in a new tab) — Benzinga
- Casey's General Stores (NASDAQ:CASY) Slips on Q1 Earnings Beat, Cautious Outlook (opens in a new tab) — ChartMill
- Casey’s Same-Store Sales Growth Declines Despite Higher Revenue (opens in a new tab) — The Wall Street Journal
- Casey's General Stores Q1 EPS $7.37 Beats $6.72 Estimate, Sales $5.678B Beat $5.568B Estimate (opens in a new tab) — Benzinga
- Casey's Announces First Quarter Results (opens in a new tab) — Yahoo
- Earnings per share: $7.37 vs $6.82 expected — above expectations. — Yahoo Finance + Finnhub
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -14.2%
- Max favorable move (MFE)
- 18.9%
- Max adverse move (MAE)
- 0.6%