Caseys General Stores 4Q Results: Postgame Scorecard

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Caseys General Stores' (NASDAQ:CASY) net income increased in the fourth quarter.

Earnings and Revenue The company posted revenues above analyst predictions, though the company's EPS came up short of expectations. The company reported EPS of 60 cents a share versus the 67 cents a share estimate and revenues of $1.75 billion versus the $1.74 billion estimate.

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The company's net income for the quarter was $23.1 million. This is 1.3% higher than the year-ago quarter. Revenue climbed 13.1% from $1.55 billion in the same period last year.

Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 25.8% over the past five quarters.

History Against Expectations The company has now missed estimates in the last two quarters. In the third quarter, it missed expectations by one cent with net income of 43 cents versus a mean estimate of net income of 44 cents per share.

Official Comment: "In the fourth quarter, the gas margin was down nearly 2 cents per gallon from the same period a year ago, which reduced basic earnings per share by approximately 12 cents," said President and CEO Robert J Myers. "We were pleased with our ability to offset this decline with strong sales and margin gains inside our stores. Inside gross profit dollars for the quarter were up nearly 19% and we are optimistic about our growth potential in fiscal 2013 with the various operational initiatives we are implementing."

Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.