Daktronics (Nasdaq: DAKT) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 26 (Q3), Daktronics whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped. GAAP earnings per share increased.

Gross margins grew, operating margins contracted, net margins grew.

Revenue details
Daktronics reported revenue of $111.1 million. The four analysts polled by S&P Capital IQ expected to see net sales of $123.9 million on the same basis. GAAP reported sales were 9.7% lower than the prior-year quarter's $122.9 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 $0.06. The four earnings estimates compiled by S&P Capital IQ forecast $0.07 per share. GAAP EPS of $0.06 for Q3 were 50% higher than the prior-year quarter's $0.04 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 24.4%, 170 basis points better than the prior-year quarter. Operating margin was 1.0%, 50 basis points worse than the prior-year quarter. Net margin was 2.4%, 100 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $125.8 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $532.5 million. The average EPS estimate is $0.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 431 members out of 466 rating the stock outperform, and 35 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Daktronics a green thumbs-up, and four 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 $12.83.

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