Sidoti Issues Pessimistic Forecast for Daktronics Earnings

Key Points

• Sidoti sharply lowered Daktronics' near‑term earnings outlook, cutting Q4 2026 EPS to $0.16 from $0.28 and trimming FY2026 to $0.94 (from $1.06) and FY2027 to $1.20 (from $1.27), plus steep cuts to Q3 2027 and Q3 2028 estimates.
• Daktronics recently missed quarterly EPS (reported $0.09 vs. $0.18 expected) while revenue was roughly in line, and the stock trades around $19.08 with a $921.6M market cap, a P/E of 34.69 and about 61.7% institutional ownership (notably larger stakes added by Invesco).

Daktronics, Inc. (NASDAQ:DAKT - Free Report) - Equities researchers at Sidoti lowered their Q4 2026 EPS estimates for shares of Daktronics in a report issued on Tuesday, April 14th. Sidoti analyst A. Soderstrom now expects that the technology company will earn $0.16 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Daktronics' current full-year earnings is $0.96 per share. Sidoti also issued estimates for Daktronics' Q3 2027 earnings at $0.06 EPS, FY2027 earnings at $1.20 EPS and Q3 2028 earnings at $0.11 EPS.

Daktronics (NASDAQ:DAKT - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.09). The business had revenue of $181.87 million during the quarter, compared to analyst estimates of $181.00 million. Daktronics had a return on equity of 16.55% and a net margin of 3.43%.

A number of other analysts have also weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Daktronics in a research note on Monday, December 29th. Zacks Research lowered shares of Daktronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Daktronics Stock Down 0.8%

NASDAQ:DAKT opened at $19.08 on Thursday. The firm has a market capitalization of $921.56 million, a P/E ratio of 34.69, a PEG ratio of 0.68 and a beta of 1.77. Daktronics has a 1-year low of $11.97 and a 1-year high of $28.27. The company's fifty day moving average price is $22.73 and its 200-day moving average price is $20.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.68.

Institutional Trading of Daktronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Daktronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company's stock valued at $295,000 after buying an additional 1,476 shares during the period. Empowered Funds LLC grew its position in Daktronics by 2.1% during the first quarter. Empowered Funds LLC now owns 242,535 shares of the technology company's stock valued at $2,954,000 after buying an additional 4,926 shares during the period. Rhumbline Advisers grew its position in Daktronics by 31.4% during the second quarter. Rhumbline Advisers now owns 76,152 shares of the technology company's stock valued at $1,151,000 after buying an additional 18,202 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Daktronics by 204.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company's stock valued at $46,000 after buying an additional 2,045 shares during the period. Finally, Invesco Ltd. grew its position in Daktronics by 399.2% during the second quarter. Invesco Ltd. now owns 510,243 shares of the technology company's stock valued at $7,715,000 after buying an additional 408,037 shares during the period. Institutional investors and hedge funds own 61.69% of the company's stock.

Daktronics News Roundup

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Sidoti raised Q1 2027 EPS to $0.39 from $0.36, signaling slightly stronger expected early‑2027 momentum. Sidoti raises Q1 2027 estimate
• Positive Sentiment: Sidoti raised Q1 2028 EPS to $0.50 (from $0.44) and Q2 2028 EPS to $0.51 (from $0.47), improving medium‑term growth visibility. Sidoti raises early‑2028 estimates
• Positive Sentiment: Sidoti nudged Q4 2027 EPS higher to $0.34 from $0.32, a modest positive for late‑2027 expectations. Sidoti raises Q4 2027 estimate
• Neutral Sentiment: Sidoti published a full set of updated quarterly and annual forecasts (FY2026–FY2028), providing a refreshed model for analysts and investors to re‑price the stock. Sidoti publishes full forecast set
• Negative Sentiment: Sidoti cut Q4 2026 EPS to $0.16 from $0.28, reducing expected near‑term profitability. Sidoti cuts Q4 2026 estimate
• Negative Sentiment: Sidoti cut Q3 2027 EPS sharply to $0.06 from $0.19, signaling weaker mid‑2027 operating prospects. Sidoti cuts Q3 2027 estimate
• Negative Sentiment: Sidoti reduced Q3 2028 to $0.11 (lower near‑term cadence into 2028), which trims expected earnings in that quarter. Sidoti cuts Q3 2028 estimate
• Negative Sentiment: Sidoti trimmed FY2026 to $0.94 from $1.06 and lowered FY2027 to $1.20 from $1.27 — full‑year revisions that reduce near‑term earnings expectations despite remaining above the current consensus of $0.96 for the immediate full year. Sidoti trims FY2026/FY2027

Daktronics Company Profile

Daktronics, Inc NASDAQ: DAKT is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company's primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.