International Speedway Earnings Preview

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International Speedway (NAS: ISCA) hasn't been able to establish an earnings trend, bouncing between beating and falling short of estimates during the past fiscal year. The company will unveil its latest earnings on Tuesday. International Speedway is an owner of major motorsports entertainment facilities and promoter of motorsports-themed entertainment activities in the United States.

What analysts say:

  • Buy, sell, or hold?: Analysts strongly back International Speedway, with three of four rating it a buy and the remainder rating it a hold. Analysts don't like International Speedway as much as competitor Churchill Downs overall. Analysts haven't adjusted their rating of International Speedway for the past three months.
  • Revenue forecasts: On average, analysts predict $134.5 million in revenue this quarter. That would represent a decline of 9.5% from the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.43 per share. Estimates range from $0.35 to $0.50.

What our community says:
CAPS All-Stars are solidly supporting the stock, with 86.8% giving it an outperform rating. The greater community concurs with the All-Stars, as 86.6% give it a rating of outperform. Despite the majority sentiment in favor of International Speedway, the stock has a middling CAPS rating of three out of five stars.


Management:
International Speedway's profit has risen year-over-year by an average of 60.3% over the past five quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The company's operating margins have been increasing year-over-year for the last four quarters. Operating margins reflect the total sales revenue that the company retains after costs. Here is how International Speedway has been doing for the last four quarters:

Quarter

Q4

Q3

Q2

Q1

Gross Margin

50.7%

43.6%

48.3%

56.2%

Operating Margin

25.6%

13.7%

17.3%

26.5%

Net Margin

13.8%

6.4%

8.6%

14.4%

One final thing: If you want to keep tabs on International Speedway movements, and for more analysis on the company, make sure you add it to your watchlist.

Motley Fool newsletter services have recommended buying shares of International Speedway. The Motley Fool has a disclosure policy.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Earnings estimates provided by Zacks.

At the time this article was published

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