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

Daktronics

05/12/2023 15:31

* Daktronics Inc  DAKT.OQ  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -29 cents.  The lone analyst forecast for the quarter was
for earnings of 13 cents per share. 
    * Revenue rose 6.4% to $199.37 million from a year ago;
analysts
expected $213.70 million. 
    * Daktronics Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $2.17
million.
    * Daktronics Inc shares had risen by 14.9% this quarter and
gained 263.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.3%
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." 
    * Wall Street's median 12-month price target for Daktronics
Inc is
$12.00 

This summary was machine generated from LSEG data December 5 at
03:30 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
 Oct. 31 2023      0.13           0.27           Beat
 Jul. 31 2023      0.17           0.57           Beat
 Apr. 30 2023      0.14           0.47           Beat