Here’s Why Casey’s General Stores (CASY) is a Strong Momentum Stock

It doesn’t matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock’s price or earnings outlook take precedent, so they’ll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

Casey’s General Stores (CASY)

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 Midwestern states, mainly Iowa, Missouri and Illinois. The company also operates two stores under the name “Tobacco City”, selling primarily tobacco and nicotine products, one liquor store, and one grocery store.

CASY boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Casey’s General Stores has seen some interesting price action recently; the stock is up 0% over the past one week and up 12.4% over the past four weeks. And in the last one-year period, CASY has lost 9.2%. As for the stock’s trading volume, 318,953.84 shares on average were traded over the last 20 days.

A company’s earnings performance is important for momentum investors as well. For fiscal 2022, three analysts revised their earnings estimate higher in the last 60 days for CASY, while the Zacks Consensus Estimate has increased $0.24 to $8.84 per share. CASY also boasts an average earnings surprise of 21.6%.

CASY should be on investors’ short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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