International Speedway Earnings: Your Sneak Peek to the Big Announcement

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International Speedway (NASDAQ:ISCA) will report earnings before markets open on Thursday, April 4th. International Speedway Corporation promotes motorsports activities in the United States. The Company owns and/or operates various facilities, including Daytona International Speedway, Talladega Superspeedway, Phoenix International Raceway, Darlington Raceway, Watkins Glen International, and has interests in other facilities. International also owns and operates MRN Radio and DAYTONA USA.

Here is your Cheat Sheet to International Speedway Earnings:

Earnings Expectations: Analysts expect earnings of $0.36 per share on revenues of $126.50 million. Currently, the company’s P/E ratio stands at 27.77.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.58 to a profit $0.5. For the current year, the average estimate is a profit of $1.46, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how International Speedway has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 787.25 693.16 645.36 629.68 612.37
Diluted EPS ($) 2.71 0.14 1.13 1.46 1.18

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Nov. 30, 2011 Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012
Revenue ($) in millions 191.94 127.40 179.60 115.93 189.45
Diluted EPS ($) 0.56 0.37 0.30 -0.02 0.53

Past Performance:
International Speedway has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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