Overview
Video display maker's fiscal Q2 revenue beat analyst expectations
Net income for fiscal Q2 rises to $17.5 mln
Company's product backlog increased 36% yr/yr to $320.6 mln
Outlook
Daktronics aims for 7-10% CAGR in revenue growth over three years
Company to open a new manufacturing facility in Mexico by end of fiscal 2026
Daktronics expanding product offerings for indoor and outdoor video products
Result Drivers
ORDER GROWTH - Orders grew 12.1% from last year, driven by significant bookings in Live Events and Transportation segments
VALUE-BASED PRICING - Profitability improved through value-based pricing and operational efficiencies
BACKLOG INCREASE - Product backlog increased 36% yr/yr, providing a multi-quarter revenue runway
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $229.25 mln | $218.40 mln (3 Analysts) |
Q2 Net Income | $17.48 mln | ||
Q2 Operating Income | $21.56 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Daktronics Inc is $27.50, about 53% above its December 9 closing price of $17.97
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nGNX6qvLVn
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)