Daktronics Rallies As Q2 Earnings Beat Estimates, Big Installs Shine Bright
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
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Source: Benzinga
Financial Performance: Daktronics, Inc. reported a 4.5% year-over-year increase in sales to $208.33 million for the second quarter, surpassing expectations, despite a 3.3% decline in orders and a slight decrease in gross margin.
Future Outlook and Leadership Changes: The company anticipates continued growth in order volume for fiscal 2025 and is currently searching for a new Chief Financial Officer to support its business transformation plan aimed at increasing revenue and operating margins.
Analyst Views on AFSM
Wall Street analysts forecast AFSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AFSM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.130
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Current: 35.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
