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

Reuters
04 Dec 2024

* Daktronics Inc 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

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