Daktronics (Nasdaq: DAKT) reported earnings on Aug. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 28 (Q1), Daktronics beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.

Margins improved across the board.

Revenue details
Daktronics reported revenue of $132.9 million. The four analysts polled by S&P Capital IQ foresaw a top line of $122.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $118.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.16. The four earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS of $0.16 for Q1 were 100% higher than the prior-year quarter's $0.08 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 27.4%, 250 basis points better than the prior-year quarter. Operating margin was 8.1%, 380 basis points better than the prior-year quarter. Net margin was 5.0%, 220 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $141.0 million. On the bottom line, the average EPS estimate is $0.15.

Next year's average estimate for revenue is $525.5 million. The average EPS estimate is $0.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 434 members out of 471 rating the stock outperform, and 37 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Daktronics a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Daktronics is outperform, with an average price target of $10.00.

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