Daktronics Meets on the Top Line, Misses Where it Counts

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Daktronics (NAS: DAKT) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 27 (Q4), Daktronics met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.


Margins expanded across the board.

Revenue details
Daktronics booked revenue of $124.5 million. The four analysts polled by S&P Capital IQ anticipated a top line of $123.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $112.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.04. The four earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS were $0.04 for Q4 versus -$0.01 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.6%, 60 basis points better than the prior-year quarter. Operating margin was 1.6%, 390 basis points better than the prior-year quarter. Net margin was 1.5%, 200 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $140.5 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $555.8 million. The average EPS estimate is $0.64.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 429 members out of 464 rating the stock outperform, and 35 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Daktronics a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Daktronics is outperform, with an average price target of $13.00.

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The article Daktronics Meets on the Top Line, Misses Where it Counts originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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