Sidoti Csr Has Pessimistic View of Daktronics Q2 Earnings

Daktronics, Inc. (NASDAQ:DAKT) – Equities research analysts at Sidoti Csr cut their Q2 2026 EPS estimates for Daktronics in a note issued to investors on Thursday, September 11th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.29. The consensus estimate for Daktronics’ current full-year earnings is $0.96 per share. Sidoti Csr also issued estimates for Daktronics’ Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.28 EPS, FY2026 earnings at $1.09 EPS, Q1 2027 earnings at $0.36 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.24 EPS, Q4 2027 earnings at $0.31 EPS and FY2027 earnings at $1.24 EPS.

Separately, Wall Street Zen raised shares of Daktronics from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Daktronics has a consensus rating of “Buy” and a consensus target price of $26.00.

Daktronics Price Performance

DAKT opened at $23.39 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.07 and a debt-to-equity ratio of 0.19. Daktronics has a 52-week low of $10.24 and a 52-week high of $23.69. The company has a 50 day moving average of $17.06 and a two-hundred day moving average of $14.82. The company has a market cap of $1.14 billion, a P/E ratio of -53.16, a P/E/G ratio of 0.68 and a beta of 1.69.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Daktronics had a net margin of 1.51% and a return on equity of 14.64%. The firm had revenue of $218.97 million during the quarter, compared to the consensus estimate of $196.90 million.

Insiders Place Their Bets

In other Daktronics news, insider Sheila Mae Anderson sold 3,839 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $16.86, for a total value of $64,725.54. Following the completion of the sale, the insider directly owned 39,495 shares of the company’s stock, valued at approximately $665,885.70. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Daktronics

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew 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. Quaker Wealth Management LLC lifted its position in Daktronics by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 3,800 shares of the technology company’s stock worth $57,000 after purchasing an additional 7,600 shares during the period. BNP Paribas Financial Markets lifted its position in Daktronics by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 3,897 shares of the technology company’s stock worth $59,000 after purchasing an additional 1,561 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Daktronics in the second quarter worth $62,000. Finally, Farther Finance Advisors LLC bought a new position in Daktronics in the second quarter worth $79,000. Institutional investors and hedge funds own 61.69% of the company’s stock.

About Daktronics

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.