International Speedway (Nasdaq: 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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