Equities Analysts Issue Forecasts for Daktronics Q3 Earnings

Key Points

• Sidoti raised its Q3 2027 EPS forecast for Daktronics to $0.17 from $0.14, while projecting $1.33 in FY2027 earnings and $1.78 in FY2028 earnings.
• Daktronics recently beat quarterly expectations, reporting $0.40 EPS versus the $0.35 consensus and revenue of $234.57 million versus estimates of $230.27 million.
• Analyst sentiment is generally positive, with the stock carrying an average “Buy” rating and a $31 price target; institutional investors own 61.69% of outstanding shares.

Daktronics, Inc. (NASDAQ:DAKT - Free Report) - Research analysts at Sidoti boosted their Q3 2027 earnings per share estimates for Daktronics in a research report issued on Thursday, October 15th. Sidoti analyst A. Soderstrom now anticipates that the technology company will earn $0.17 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for Daktronics' current full-year earnings is $1.24 per share. Sidoti also issued estimates for Daktronics' Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.33 EPS, Q1 2028 earnings at $0.55 EPS, Q2 2028 earnings at $0.57 EPS, Q3 2028 earnings at $0.17 EPS, Q4 2028 earnings at $0.49 EPS and FY2028 earnings at $1.78 EPS.

Daktronics (NASDAQ:DAKT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Daktronics had a net margin of 5.66% and a return on equity of 18.05%. The business had revenue of $234.57 million for the quarter, compared to analyst estimates of $230.27 million. During the same period last year, the business earned $0.33 EPS.

A number of other brokerages also recently issued reports on DAKT. Wall Street Zen upgraded shares of Daktronics from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Zacks Research upgraded Daktronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of Daktronics in a research note on Tuesday, September 22nd. Craig Hallum reiterated a "buy" rating and issued a $33.00 price target on shares of Daktronics in a research report on Thursday, September 3rd. Finally, Roth Capital upped their price objective on Daktronics from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $31.00.

Daktronics Stock Performance

Shares of DAKT stock opened at $18.27 on Friday. The stock has a market capitalization of $878.60 million, a PE ratio of 18.64, a price-to-earnings-growth ratio of 0.58 and a beta of 1.68. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average price is $18.73 and its 200 day moving average price is $19.48. Daktronics has a 52-week low of $16.77 and a 52-week high of $28.27.

Institutional Trading of Daktronics

Several large investors have recently modified their holdings of DAKT. IFP Advisors Inc boosted its holdings in Daktronics by 231.6% in the second quarter. IFP Advisors Inc now owns 3,270 shares of the technology company's stock valued at $64,000 after purchasing an additional 2,284 shares during the last quarter. Corient Private Wealth LP increased its holdings in Daktronics by 38.4% during the 2nd quarter. Corient Private Wealth LP now owns 18,237 shares of the technology company's stock worth $357,000 after purchasing an additional 5,063 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Daktronics in the 2nd quarter valued at approximately $328,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Daktronics by 10.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,747 shares of the technology company's stock valued at $1,638,000 after purchasing an additional 8,143 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Daktronics in the 2nd quarter valued at approximately $1,374,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Daktronics

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Cost savings are the primary catalyst: Daktronics announced manufacturing and structural cost-reduction actions expected to generate more than $18 million in annualized incremental pretax savings once fully implemented during fiscal 2028. Daktronics Announces Implementation Actions for Strategic Structural Cost Reduction and Manufacturing Optimization
• Positive Sentiment: Analyst target supports investor optimism: Wall Street reportedly set a $32.00 price target for Daktronics, significantly above the stock’s recent level near $18, suggesting analysts see meaningful value if the restructuring improves profitability. Wall Street sets USD 32.00 target for Daktronics stock
• Neutral Sentiment: Daktronics plans to realign production capacity across its U.S., China and Mexico operations. The move could improve manufacturing efficiency, but the benefits depend on successfully transferring production and managing supply-chain execution. Daktronics Announces Realignment of Production Capacity
• Negative Sentiment: The restructuring includes closing Daktronics’ Ennistymon, Ireland, manufacturing facility, resulting in the loss of roughly 100 jobs. The closure may create near-term disruption, restructuring expenses and reputational pressure even though it is intended to reduce costs. Daktronics to close Ennistymon plant
• Negative Sentiment: Daktronics is also exiting transport-related product lines as part of the broader restructuring, potentially reducing revenue opportunities and adding transition risk while management concentrates on its remaining businesses. Daktronics to Close Ireland Plant, Exit Transport Lines in Restructuring

Daktronics Company Profile

Daktronics, Inc designs and manufactures electronic display systems and related control solutions. Its products include LED video displays, scoreboards, digital billboards, message centers, dynamic signage, and display-control systems used to present live information, advertising, entertainment, and public communications.

The company serves a range of markets, including professional and collegiate sports, schools, commercial businesses, transportation networks, government agencies, and other public venues.

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