NASDAQ$DAKT
Daktronics Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Daktronics reported increased operating income and net income despite a decrease in net sales and orders, as customers reduced spending due to COVID-19 implications.
Daktronics reported a decrease in net sales and orders for the first quarter of fiscal year 2021, impacted by COVID-19. However, operating income and net income increased due to cost management. The company is focused on managing costs and promoting value in new markets amidst the uncertain demand.
- Net sales decreased by 20.3% compared to the first quarter of fiscal 2020.
- Operating income increased to $9.5 million, compared to $7.6 million in the same period last year.
- Net income rose to $7.5 million, up from $7.0 million in the first quarter of fiscal 2020.
- Orders for the first quarter of fiscal 2021 decreased by 34.8% compared to the previous year.
Headline financials
Revenue & EPS history
Daktronics · Revenue · Quarterly
$144M
Revenue by segment
Daktronics · $144M total across 5 segments · Q1 2021
- Live Events$51.5M-13.2%35.8%
- Commercial$34.5M-21.6%24.0%
- High School Park and Recreation$28.9M-5.0%20.1%
- Transportation$14.5M-23.8%10.1%
- International$14.2M-48.2%9.9%
Forward guidance
The audio-visual industry fundamentals will drive long-term growth, but the near-term outlook shows contraction and greater volatility overall. Customers are expected to continue to have disruptions in revenues caused by COVID-19 throughout the current fiscal year.
Tailwinds
- Audio-visual industry fundamentals will drive long-term growth
Headwinds
- Near-term outlook shows contraction and greater volatility overall
- Customers will continue to have disruptions in revenues caused by COVID-19 throughout the current fiscal year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-1.0%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.5%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+30.3%
Q1 2017
Best reaction
-25.8%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -11.4% | -15.7% | -20.9% | |
| Q2 2026 | +15.9% | +6.3% | +15.7% | |
| Q1 2026 | +20.0% | +37.9% | +9.9% | |
| Q4 2025 | +1.1% | -3.0% | +16.3% | |
| Q3 2025 | -14.9% | -16.6% | -19.0% | |
| Q2 2025 | +17.6% | +11.9% | +3.1% | |
| Q1 2025 | -13.3% | -12.8% | -3.4% | |
| Q4 2024 | +23.4% | +26.1% | +39.7% | |
| Q3 2024 | +6.8% | +8.1% | +22.5% | |
| Q2 2024 | -16.5% | -17.8% | -22.4% | |
| Q1 2024 | +7.4% | +17.5% | +9.3% | |
| Q4 2023 | +11.3% | +9.8% | +30.1% | |
| Q3 2023 | +11.7% | +13.5% | +33.0% | |
| Q2 2023 | +15.7% | +28.3% | +58.1% | |
| Q1 2023 | -22.9% | -25.3% | -34.1% | |
| Q4 2022 | -4.8% | -13.6% | -14.7% | |
| Q3 2022 | -7.5% | -12.9% | -16.0% | |
| Q2 2022 | -2.9% | -1.6% | +3.5% | |
| Q1 2022 | -7.1% | -7.6% | -9.2% | |
| Q4 2021 | +1.0% | +0.0% | -8.2% | |
| Q3 2021 | +3.0% | +14.4% | +11.8% | |
| Q2 2021 | -1.8% | -0.2% | +2.6% | |
| Q1 2021 | +11.5% | +15.7% | +3.9% | |
| Q4 2020 | -8.7% | -5.0% | -13.9% | |
| Q3 2020 | -10.4% | -6.1% | -21.8% | |
| Q2 2020 | -10.4% | -12.4% | -12.6% | |
| Q1 2020 | +22.3% | +21.9% | +27.3% | |
| Q4 2019 | -6.1% | -12.0% | -14.8% | |
| Q3 2019 | -1.8% | -2.1% | -10.4% | |
| Q2 2019 | +15.2% | +14.5% | -3.4% | |
| Q1 2019 | -14.1% | -17.6% | -12.2% | |
| Q4 2018 | -20.3% | -20.2% | -15.3% | |
| Q3 2018 | -4.3% | -4.2% | -5.3% | |
| Q2 2018 | -5.7% | -4.4% | -7.1% | |
| Q1 2018 | +0.7% | +0.6% | +9.9% | |
| Q4 2017 | +4.7% | +5.1% | +3.8% | |
| Q3 2017 | -6.0% | -3.9% | -9.5% | |
| Q2 2017 | +10.8% | +13.1% | +10.6% | |
| Q1 2017 | +30.3% | +37.4% | +42.7% | |
| Q4 2016 | -22.0% | -23.3% | -20.5% | |
| Q3 2016 | -17.9% | — | — | |
| Q2 2016 | -14.9% | — | — | |
| Q1 2016 | -25.8% | — | — | |
| Q4 2015 | +5.2% | — | — | |
| Q3 2015 | -15.0% | — | — | |
| Q2 2015 | -11.5% | — | — | |
| Q1 2015 | +8.2% | — | — | |
| Q4 2014 | -11.3% | — | — | |
| Q3 2014 | -1.6% | — | — | |
| Q2 2014 | +11.8% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | -7.3% | — | — | |
| Q3 2013 | -14.3% | — | — | |
| Q2 2013 | +17.4% | — | — | |
| Q1 2013 | +18.5% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2011 | -5.2% | — | — | |
| Q3 2012 | -5.2% | — | — | |
| Q2 2012 | +7.8% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q2 2011 | -4.7% | — | — | |
| Q4 2011 | -4.7% | — | — | |
| Q1 2011 | -4.7% | — | — | |
| Q3 2010 | -3.3% | — | — |
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