Daktronics Inc reports results for the quarter ended in April - Earnings Summary

Daktronics

26/06/2024 14:31

* Daktronics Inc  DAKT.OQ  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in April, lower than
the same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of two analysts for the quarter was
for earnings of 16 cents per share. Wall Street expected
results to range from 14 cents to 17 cents per share.
    * Revenue rose 2.9% to $215.88 million from a year ago;
analysts
expected $186.19 million. 
    * Daktronics Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $2.52
million.
    * Daktronics Inc shares had risen by 9.6% this quarter and
gained 28.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "strong buy"

Wall Street's median 12-month price target for Daktronics Inc is
$13.40 
This summary was machine generated from LSEG data June 26 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.16           0.27           Beat
 Jan. 31 2024      0.17           0.08           Missed
 Oct. 31 2023      0.13           0.27           Beat
 Jul. 31 2023      0.17           0.57           Beat