UPDATE: Daktronics Q1 Adj. EPS $0.36 Beats $0.28 Estimate
Portfolio Pulse from Benzinga Newsdesk
Daktronics reported Q1 adjusted EPS of $0.36, surpassing the analyst estimate of $0.28, despite a 41.94% decrease from last year's $0.62 EPS.
September 04, 2024 | 11:58 am
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Daktronics reported Q1 adjusted EPS of $0.36, beating the analyst estimate of $0.28. However, this represents a 41.94% decrease from the previous year's EPS of $0.62.
The positive earnings surprise, with EPS beating estimates by 28.57%, is likely to have a positive short-term impact on Daktronics' stock price. However, the significant year-over-year decrease in EPS may temper investor enthusiasm.
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