Daktronics Reports Q3 Loss, Leadership Changes Amid Falling Sales And Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2025
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Source: Benzinga
Financial Performance: Daktronics, Inc. reported a 12.2% year-over-year decline in sales to $149.5 million for Q3 FY25, missing expectations, with a net loss of $17.2 million and adjusted EPS of $0.01 falling short of the consensus of $0.08.
Leadership Changes and Outlook: Following the resignation of CEO Reece Kurtenbach, interim leadership has been established while the company anticipates challenges due to U.S. government actions affecting business conditions and order timelines.
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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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.
