If you’re a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That’s why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that’s been proven to generate strong returns.
Let’s now take a look at one standout stock that could be a perfect fit for your portfolio.
Founded in 1959 and based in Ankeny, IA, Casey’s General Stores, Inc. operates convenience stores under the Casey’s and Casey’s General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of July 31, 2024, the company operated 2,674 stores.
Since being added to the Zacks Focus List on August 20, 2019 at $171.98 per share, shares of CASY have increased 140.36% to $413.37.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.63 to $14.24. CASY also boasts an average earnings surprise of 15.8%.
Moreover, analysts are expecting Casey’s General Stores’ earnings to grow 6% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CASY, there’s a great chance you’ll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Casey’s General Stores, Inc. (CASY) : Free Stock Analysis Report
