Daktronics Q2 Earnings: Solid Margins Despite Tepid Growth (Maintain Buy Rating)
DAKTDaktronics(DAKT) Seeking Alpha·2024-09-13 02:31
xjben/iStock via Getty Images Investment thesis In my previous article covering the company, I rated Daktronics (NASDAQ:DAKT) shares a Buy given its leading position in the US market and attractive valuation at a P/E multiple of 9.2. I outlined my expectations for solid mid-single growth with rising margins in the medium term. The company's Q1 fiscal 2025 results indicated that growth fell slightly short of my expectations, although margins remained strong. In addition to the weaker growth, I also attri ...