The 10-second takeaway
For the quarter ended Nov. 30 (Q4), International Speedway beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank.
Margins contracted across the board.
International Speedway logged revenue of $189.4 million. The three analysts polled by S&P Capital IQ foresaw sales of $186.1 million on the same basis. GAAP reported sales were 1.3% lower than the prior-year quarter's $191.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.61. The four earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.53 for Q4 were 5.4% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.7%, 300 basis points worse than the prior-year quarter. Operating margin was 24.0%, 250 basis points worse than the prior-year quarter. Net margin was 13.1%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $129.0 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $621.9 million. The average EPS estimate is $1.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 141 members out of 161 rating the stock outperform, and 20 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give International Speedway a green thumbs-up, and seven 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 $29.50.
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