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

Daktronics

29/02/2024 19:48

* Daktronics Inc  DAKT.OQ  reported quarterly adjusted
earnings of
8 cents​​ per share for the quarter ended in January.  The lone
analyst forecast for the quarter was for earnings of 17 cents
per share. 
    * Revenue fell 7.9% to $170.30 million from a year ago;
analysts
expected $199.80 million. 
    * Daktronics Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $10.74
million.
    * Daktronics Inc shares had risen by 3.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 41.7%
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
$12.80 
This summary was machine generated from LSEG data February 29 at
07:47 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
 Jan. 31 2024      0.17           0.08           Missed
 Oct. 31 2023      0.13           0.27           Beat
 Jul. 31 2023      0.17           0.57           Beat
 Apr. 30 2023      0.14           0.47           Beat