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Wednesday, July 3, 2013

Today's Earnings Preview: (NASDAQ: ISCA)

International Speedway Corp (NASDAQ: ISCA) is expected to earn $0.50 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.48 per share to as high as $0.53 per share. For the same quarter last year, the company earned $0.52 per share. Revenues are expected to come in at $182.30M. Shares of International Speedway Corp traded higher by 3.08% or $1.0/share to $33.51. In the past year, the shares have traded as low as $23.18 and as high as $33.91. On average, 151108 shares of ISCA exchange hands on a given day and today's volume is recorded at 214312. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $32.33 area where the stock will likely see buying pressure.