Insider published an article last week on on the fiscal 1st quarter results for Daktronics.  It appears the market responded very favorably to what they heard.  Analysts had mostly expected soft results from Daktronics and were surprised when actuals were ahead of market expectations for both revenue and earnings per share. Now the analysts have upgraded Daktronics earnings per share estimates, as well as upgrading their revenue estimates. Forecasts are now suggesting the digital sign business is expected to grow faster than the wider industry.

The market also has responded positively as indicated in the chart below.

Very nice results for a company that certainly had struggles through the last year.

To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title.  Our newsletter is free and we don’t sell our subscriber list.

Paid Advertisement