Daktronics (NASDAQ: DAKT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this video display maker would post earnings of $0.14 per share when it actually produced earnings of $0.27, delivering a surprise of 92.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Daktronics, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $226.09 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 4.27%. This compares to year-ago revenues of $232.53 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Daktronics ...
