Monday, May 27, 2013

Coming Soon: Daktronics Earnings

Daktronics (Nasdaq: DAKT  ) is expected to report Q4 earnings on May 29. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Daktronics's revenues will expand 10.4% and EPS will turn positive

The average estimate for revenue is $123.6 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
Last quarter, Daktronics reported revenue of $111.1 million. GAAP reported sales were 9.7% lower than the prior-year quarter's $122.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.06. GAAP EPS of $0.06 for Q3 were 50% higher than the prior-year quarter's $0.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 24.4%, 170 basis points better than the prior-year quarter. Operating margin was 1.0%, 50 basis points worse than the prior-year quarter. Net margin was 2.4%, 100 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $517.4 million. The average EPS estimate is $0.56.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 429 members out of 464 rating the stock outperform, and 35 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Daktronics a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Daktronics is outperform, with an average price target of $12.83.

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