Sidoti Has Bullish Forecast for Daktronics FY2027 Earnings

Daktronics, Inc. (NASDAQ:DAKT) – Stock analysts at Sidoti increased their FY2027 earnings estimates for Daktronics in a research report issued to clients and investors on Thursday, March 5th. Sidoti analyst A. Soderstrom now anticipates that the technology company will post earnings per share of $1.27 for the year, up from their previous estimate 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.

DAKT has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. Zacks Research cut shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Daktronics Trading Up 4.0%

Shares of DAKT stock 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 current ratio of 2.22, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 0.65 and a beta of 1.70. The stock has a 50-day moving average of $23.36 and a 200-day moving average of $20.64.

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

Hedge Funds Weigh In On Daktronics

Several institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in Daktronics in the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Daktronics by 22,566.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,354 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Daktronics during the third quarter worth approximately $43,000. Clearstead Advisors LLC bought a new position in shares of Daktronics in the 4th quarter worth $57,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Daktronics by 204.3% in the 2nd 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 period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Trending Headlines about Daktronics

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

Daktronics Company Profile

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.