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

Daktronics

04/12/2024 15:31

* Daktronics Inc  DAKT.OQ  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended October 31, identical
to the same quarter last year.  The mean expectation of
two analysts for the quarter was for earnings of 20 cents per
share. 
    * Revenue rose 4.5% to $208.33 million from a year ago;
analysts
expected $202.59 million. 
    * Daktronics Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $21.41
million.
    * Daktronics Inc shares had risen by 26.5% this quarter and
gained 92.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.9%
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 December 4 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 2024      0.20           0.27           Beat
 Jul. 31 2024      0.28           0.35           Beat
 Apr. 30 2024      0.16           0.27           Beat
 Jan. 31 2024      0.17           0.08           Missed