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

• Daktronics Inc DAKT.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

• Revenue fell 12.2% to $149.51 million from a year ago; analysts expected $170.60 million.

• Daktronics Inc's reported EPS for the quarter was a loss of 36 cents​.

• The company reported a quarterly loss of $17.16 million.

• Daktronics Inc shares had fallen by 15.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 51% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is "buy."

Wall Street's median 12-month price target for Daktronics Inc is $26.00

This summary was machine generated from LSEG data March 5 at 08:10 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)