Daktronics (DAKT) Misses Q3 EPS by 3c, offers outlook

Daktronics (NASDAQ: DAKT) reported Q3 EPS of $0.09, $0.03 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $170.3 million versus the consensus estimate of $199.8 million.

FQ4 Outlook:
Fiscal fourth quarter seasonality is expected to be similar to pre-pandemic patterns. Fiscal 2024 fourth quarter net sales are expected to increase sequentially as compared to the third quarter in fiscal year 2024 and decrease from the year-ago period, which was again a high-volume period in which we were fulfilling backorders related to pandemic recovery. Gross margin is expected to be similar in comparison to the unique 2023 fourth quarter and operating margin and cash flows are expected to be down as compared to this same period.

For earnings history and earnings-related data on Daktronics (DAKT) click here.

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