Daktronics (DAKT) Lags Q2 Earnings Estimates

Core Viewpoint - Daktronics reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.17 per share, representing a 52.94% earnings surprise [1]. Financial Performance - The company posted revenues of $208.33 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 4.17% and showing an increase from $199.37 million year-over-year [2]. - Over the last four quarters, Daktronics has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2]. Stock Performance - Daktronics shares have increased approximately 92.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 26.8% [4]. Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.13 on revenues of $176.23 million, and for the current fiscal year, it is $0.90 on revenues of $818.52 million [8]. - The estimate revisions trend for Daktronics is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7]. Industry Context - The Electronics - Miscellaneous Products industry, to which Daktronics belongs, is currently in the top 50% of over 250 Zacks industries, suggesting that stocks in this category tend to outperform those in the bottom 50% by a factor of more than 2 to 1 [9].