Sidoti Has Positive Outlook of Daktronics FY2027 Earnings

Daktronics, Inc. (NASDAQ:DAKT) – Investment analysts at Sidoti boosted their FY2027 earnings per share (EPS) estimates for Daktronics in a note issued to investors on Thursday, March 5th. Sidoti analyst A. Soderstrom now forecasts that the technology company will earn $1.27 per share for the year, up from their previous forecast of $1.25. The consensus estimate for Daktronics’ current full-year earnings is $0.96 per share. Sidoti also issued estimates for Daktronics’ Q1 2028 earnings at $0.44 EPS, Q2 2028 earnings at $0.47 EPS, Q3 2028 earnings at $0.25 EPS and FY2028 earnings at $1.55 EPS.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $181.87 million for the quarter, compared to analysts’ expectations of $181.00 million. Daktronics had a net margin of 3.43% and a return on equity of 16.55%.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Daktronics in a report on Monday, December 29th. Zacks Research lowered Daktronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Daktronics Price Performance

DAKT opened at $22.99 on Friday. Daktronics has a 1 year low of $10.92 and a 1 year high of $28.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.71. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 0.65 and a beta of 1.70. The firm’s fifty day moving average price is $23.36 and its two-hundred day moving average price is $20.64.

Hedge Funds Weigh In On Daktronics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in Daktronics in the third quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Daktronics by 22,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,354 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Daktronics in the 3rd quarter valued at about $43,000. Clearstead Advisors LLC bought a new stake in Daktronics in the 4th quarter valued at about $57,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Daktronics by 204.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock valued at $46,000 after purchasing an additional 2,045 shares during the last quarter. 61.69% of the stock is owned by institutional investors.

Key Daktronics News

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Sidoti raised its multi-quarter/annual EPS outlook for Daktronics (FY2027 and FY2028 estimates were increased, with FY2028 flagged at $1.55), signaling analyst confidence in continued profit improvement and giving investors a forward earnings runway above consensus.
• Positive Sentiment: Company fundamentals: Q3 revenue grew ~22% YoY and product backlog rose to $342M (up ~25%), while operating income turned positive and cash on hand is strong—data points that support revenue visibility and margin recovery. Earnings Release
• Positive Sentiment: Capital returns & balance sheet: management repurchased shares and reported >$144M cash with minimal debt, which supports shareholder-friendly actions and reduces balance-sheet risk. (See Q3 release above.)
• Neutral Sentiment: Investor Day scheduled for April 9 in NYC — a potential catalyst if management delivers credible growth targets or margin guidance, but outcome is uncertain until management presents specifics. Investor Day Notice
• Negative Sentiment: Q3 EPS miss: reported GAAP EPS (~$0.06–$0.09 depending on source) missed consensus (~$0.18), which triggered an immediate sharp selloff and negative headlines—this remains the primary near-term risk for the stock. Earnings Miss
• Negative Sentiment: Mixed analyst commentary and cautionary pieces flagged valuation and the pace of improvement after a historic run — some sell-side/independent voices urge caution despite momentum. Analyst Caution

About Daktronics

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.