DAKT Earnings Prediction
The chart below shows how DAKT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DAKT sees a +4.90% change in stock price 10 days leading up to the earnings, and a +1.79% change 10 days following the report. On the earnings day itself, the stock moves by +6.34%. This data can give you a slight idea of what to expect for the next quarter's release.
DAKT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
199.37M
6.36%
-14.26%
Gross Margin
27.19%
60.79%
-11.14%
Operating Margin
9.75%
1103.70%
-43.61%
Net Margin
1.09%
115.73%
-86.80%
EPS
0.05
117.24%
-88.10%
No Data Available
DAKT Earnings Analysis
Daktronics Inc Corporation (DAKT.O) Earnings Conference Call
Positive
Sales Increase Q2 Fiscal 2024: We reported sales of $199.4 million for the second quarter of fiscal 2024, an increase of 6.4% compared to $187.4 million for the second quarter of fiscal 2023.
Gross Profit Margin Increase: Gross profit as a percentage of net sales increased to 27.2% for the second quarter of fiscal 2024 compared to 16.9% in the second quarter of fiscal 2023.
Operating Income Improvement: Operating income was $19.4 million or 9.7% of sales during the second quarter of fiscal 2024 compared to last year's $1.5 million or 0.8%.
Cash Generation and Investment: We drove second quarter fiscal 2024 cash generation to $25.1 million from operations, and we used $4.7 million for the purchase of property and equipment.
Strong Backlog Position: Our backlog at the end of the second quarter of fiscal 2024 is $307 million, which provides a nice pace of business to fulfill in the coming quarters.
Negative
Sales Growth Slowdown: Sales for the second quarter of fiscal 2024 were reported at $199.4 million, which is an increase of only 6.4% compared to $187.4 million for the second quarter of fiscal 2023, indicating a slowdown in growth.
Operating Expenses Increase: Operating expenses for the second quarter of fiscal 2024 were $34.8 million compared to $30.2 million for the second quarter of fiscal 2023, reflecting a significant increase in costs.
Operating Income Decline: Operating income was $19.4 million or 9.7% of sales during the second quarter of fiscal 2024, a decrease from last year's $1.5 million or 0.8%, highlighting a decline in profitability.
Gross Profit Margin Increase: Gross profit as a percentage of net sales increased to 27.2% for the second quarter of fiscal 2024 compared to 16.9% in the second quarter of fiscal 2023, but this increase is overshadowed by rising operational costs.
Rising Operating Expenses Ratio: Operating expenses as a percentage of sales for the quarter increased to 17.4% compared to 16.1% in the prior year, indicating worsening cost management despite higher sales.
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DAKT Earning Call Sentiment
Daktronics, Inc. (DAKT) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
DAKT.O
-1.23%Positive
The earnings call summary presents a mix of positive and negative signals. While revenue increased year-over-year and there is a strong cash flow and balance sheet, gross margins have slightly decreased, and there are concerns about geopolitical risks and potential share dilution. The Q&A section reveals uncertainty about future impacts from tariffs and administration changes, which could affect margins. Despite positive elements like share repurchase plans, the lack of clear guidance and potential risks balance out the positives, leading to a neutral sentiment prediction.
