Daktronics Earnings: Everything You Must Know Now

Daktronics Inc. (NASDAQ:DAKT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Daktronics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 18.75% to $0.13 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 4.35% to $138.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Daktronics Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $135.67 million.

Quoting Management: “We are pleased with our success in booking orders during the quarter. Last year’s first quarter was a record level of orders, so it is a tough comparable. We were able to achieve a higher level of sales, and also ended with a slightly higher backlog as compared to the fiscal 2013 first and fourth quarters,” said Jim Morgan, president and chief executive officer.

Key Stats (on next page)…

Revenue increased 11.42% from $124.48 million in the previous quarter. EPS increased 225% from $0.04 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.25 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $0.64 to a profit of $0.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)