International Speedway (ISCA) Tops Q1 EPS by 3c, Miss on Revenues; Affirms FY18 EPS Mid-Point Outlook Above Consensus, FY18 Revenues Mid-Point Guide Below Estimates

Note: EPS may not be comparable

International Speedway (NASDAQ: ISCA) reported Q1 EPS of $0.60, $0.03 better than the analyst estimate of $0.57. Revenue for the quarter came in at $148.9 million versus the consensus estimate of $151.05 million.

ISC is reiterating its 2018 full fiscal year non-GAAP guidance. The earnings outlook is our best estimate of financial results for fiscal 2018.

• Revenue: $680.0 million to $695.0 million
• Operating margin: 15.5% to 16.5%
• Effective tax rate: 26.0% to 27.0%
• Diluted earnings per share: $1.90 to $2.10

GUIDANCE:

International Speedway sees FY2018 EPS of $1.95-$2.10, versus the consensus of $2.00. International Speedway sees FY2018 revenue of $680-695 million, versus the consensus of $690.95 million.

For earnings history and earnings-related data on International Speedway (ISCA) click here.

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