Daktronics Q4 EPS $0.05 Misses $0.15 Estimate, Sales $215.88M Beat $186.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Daktronics (NASDAQ:DAKT) reported Q4 earnings per share of $0.05, missing the analyst estimate of $0.15 by 66.67%. However, the company reported sales of $215.88 million, beating the estimate of $186.19 million by 15.95%. Compared to the same period last year, EPS decreased by 89.36% while sales increased by 2.87%.
June 26, 2024 | 11:25 am
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Daktronics reported Q4 EPS of $0.05, missing the $0.15 estimate by 66.67%. Sales of $215.88M beat the $186.19M estimate by 15.95%. EPS decreased by 89.36% YoY, while sales increased by 2.87% YoY.
The significant miss on EPS compared to estimates and the large YoY decrease in EPS are likely to negatively impact the stock price in the short term, despite the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100