Daktronics Inc reports results for the quarter ended in July 31 - Earnings Summary

Daktronics

04/09/2024 15:32

* Daktronics Inc  DAKT.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended July 31, lower than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of two analysts for the quarter was
for earnings of 28 cents per share. Wall Street expected
results to range from 26 cents to 30 cents per share.
    * Revenue fell 2.8% to $226.09 million from a year ago;
analysts
expected $229.07 million. 
    * Daktronics Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $4.95 million.
    * Daktronics Inc shares had fallen by 2.4% this quarter and
gained 60.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 36.6%
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
$16.75 
This summary was machine generated from LSEG data September 4 at
02:31 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
 Jul. 31 2024      0.28           0.35           Beat
 Apr. 30 2024      0.16           0.27           Beat
 Jan. 31 2024      0.17           0.08           Missed
 Oct. 31 2023      0.13           0.27           Beat