Sidoti Forecasts Daktronics’ Q3 Earnings (NASDAQ:DAKT)

Daktronics, Inc. (NASDAQ:DAKT) – Research analysts at Sidoti lifted their Q3 2027 earnings estimates for shares of Daktronics in a research report issued on Thursday, October 15th. Sidoti analyst A. Soderstrom now anticipates that the technology company will post earnings of $0.17 per share for the quarter, up from their previous estimate of $0.14. The consensus estimate for Daktronics’ current full-year earnings is $1.24 per share. Sidoti also issued estimates for Daktronics’ Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.33 EPS, Q1 2028 earnings at $0.55 EPS, Q2 2028 earnings at $0.57 EPS, Q3 2028 earnings at $0.17 EPS, Q4 2028 earnings at $0.49 EPS and FY2028 earnings at $1.78 EPS.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $234.57 million during the quarter, compared to the consensus estimate of $230.27 million. Daktronics had a return on equity of 18.05% and a net margin of 5.66%. During the same period last year, the firm earned $0.33 earnings per share.

A number of other research analysts also recently commented on DAKT. Zacks Research raised Daktronics from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Daktronics in a report on Tuesday, September 22nd. Wall Street Zen upgraded Daktronics from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Roth Capital upped their price target on Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Craig Hallum restated a “buy” rating and set a $33.00 price objective on shares of Daktronics in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Daktronics currently has a consensus rating of “Buy” and an average price target of $31.00.

Daktronics Stock Up 2.0%

Shares of Daktronics stock opened at $18.27 on Friday. The business has a 50-day moving average price of $18.73 and a 200 day moving average price of $19.48. Daktronics has a fifty-two week low of $16.77 and a fifty-two week high of $28.27. The firm has a market cap of $878.60 million, a P/E ratio of 18.64, a P/E/G ratio of 0.58 and a beta of 1.68. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Daktronics

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Daktronics in the second quarter valued at approximately $68,158,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Daktronics during the second quarter valued at approximately $1,504,000. Oppenheimer Asset Management Inc. bought a new stake in Daktronics during the second quarter worth approximately $1,001,000. Renaissance Technologies LLC raised its holdings in Daktronics by 13.1% during the first quarter. Renaissance Technologies LLC now owns 822,854 shares of the technology company’s stock worth $16,087,000 after purchasing an additional 95,393 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Daktronics during the second quarter worth approximately $1,374,000. Institutional investors and hedge funds own 61.69% of the company’s stock.

Key Headlines Impacting Daktronics

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Cost savings are the primary catalyst: Daktronics announced manufacturing and structural cost-reduction actions expected to generate more than $18 million in annualized incremental pretax savings once fully implemented during fiscal 2028. Daktronics Announces Implementation Actions for Strategic Structural Cost Reduction and Manufacturing Optimization
• Positive Sentiment: Analyst target supports investor optimism: Wall Street reportedly set a $32.00 price target for Daktronics, significantly above the stock’s recent level near $18, suggesting analysts see meaningful value if the restructuring improves profitability. Wall Street sets USD 32.00 target for Daktronics stock
• Neutral Sentiment: Daktronics plans to realign production capacity across its U.S., China and Mexico operations. The move could improve manufacturing efficiency, but the benefits depend on successfully transferring production and managing supply-chain execution. Daktronics Announces Realignment of Production Capacity
• Negative Sentiment: The restructuring includes closing Daktronics’ Ennistymon, Ireland, manufacturing facility, resulting in the loss of roughly 100 jobs. The closure may create near-term disruption, restructuring expenses and reputational pressure even though it is intended to reduce costs. Daktronics to close Ennistymon plant
• Negative Sentiment: Daktronics is also exiting transport-related product lines as part of the broader restructuring, potentially reducing revenue opportunities and adding transition risk while management concentrates on its remaining businesses. Daktronics to Close Ireland Plant, Exit Transport Lines in Restructuring

Daktronics Company Profile

Daktronics, Inc designs and manufactures electronic display systems and related control solutions. Its products include LED video displays, scoreboards, digital billboards, message centers, dynamic signage, and display-control systems used to present live information, advertising, entertainment, and public communications.

The company serves a range of markets, including professional and collegiate sports, schools, commercial businesses, transportation networks, government agencies, and other public venues.