International Speedway Beats Analyst Estimates on EPS

International Speedway (NAS: ISCA) reported earnings on July 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 31 (Q2), International Speedway missed slightly on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share dropped. GAAP earnings per share increased significantly.


Gross margins shrank, operating margins dropped, net margins increased.

Revenue details
International Speedway booked revenue of $178.4 million. The two analysts polled by S&P Capital IQ foresaw a top line of $181.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.51. The four earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. Non-GAAP EPS of $0.51 for Q2 were 1.9% lower than the prior-year quarter's $0.52 per share. GAAP EPS of $0.48 for Q2 were 60% higher than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 47.0%, 80 basis points worse than the prior-year quarter. Operating margin was 21.2%, 110 basis points worse than the prior-year quarter. Net margin was 12.6%, 490 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $117.7 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $617.6 million. The average EPS estimate is $1.45.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 146 members out of 165 rating the stock outperform, and 19 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give International Speedway a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Speedway is outperform, with an average price target of $34.50.

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The article International Speedway Beats Analyst Estimates on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends International Speedway. The Motley Fool owns shares of International Speedway. 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.

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