Speedway Motorsports (NYS: TRK) reported earnings on March 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Speedway Motorsports missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share expanded. GAAP earnings per share expanded.


Margins expanded across the board.

Revenue details
Speedway Motorsports booked revenue of $82.1 million. The one analyst polled by S&P Capital IQ hoped for net sales of $86.7 million on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $89.1 million.

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 $0.09. The one earnings estimate compiled by S&P Capital IQ anticipated -$0.02 per share. Non-GAAP EPS of $0.09 for Q4 were much higher than the prior-year quarter's $0.00 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS were $0.10 for Q4 against -$0.02 per share for the prior-year quarter.

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 51.5%, 280 basis points better than the prior-year quarter. Operating margin was 10.7%, 120 basis points better than the prior-year quarter. Net margin was 5.3%, 570 basis points better than the prior-year quarter.

Looking ahead

Next year's average estimate for revenue is $506.2 million. The average EPS estimate is $1.01.

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The article Speedway Motorsports Posts a Surprise Profit 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere

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