Daktronics Earnings Are on Deck

Seth Jayson, The Motley Fool
Updated

Daktronics (NAS: DAKT) is expected to report Q1 earnings on Aug. 21. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Daktronics's revenues will grow 2.9% and EPS will drop -37.5%.

The average estimate for revenue is $122.1 million. On the bottom line, the average EPS estimate is $0.05.


Revenue details
 Last quarter, Daktronics reported revenue of $112.0 million. GAAP reported sales were 2.1% lower than the prior-year quarter's $114.4 million.

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

EPS details
 Last quarter, EPS came in at -$0.01. GAAP EPS were -$0.01 for Q4 against $0.07 per share for the prior-year quarter.

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

Recent performance
 For the preceding quarter, gross margin was 22.0%, 290 basis points worse than the prior-year quarter. Operating margin was -2.3%, 660 basis points worse than the prior-year quarter. Net margin was -0.5%, 310 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $520.9 million. The average EPS estimate is $0.32.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 431 members out of 467 rating the stock outperform, and 36 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Daktronics a green thumbs-up, and five 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 $11.88.

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The article Daktronics Earnings Are on Deck 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 positions in the stocks mentioned above. 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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