-1.14 -2.32%. DraftKings, which belongs to the Zacks Gaming industry, posted revenues of $312.28 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 36.76%. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.5. The reported EPS for the same quarter last year was $-0.18. Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. NASDAQ | Post-Market: $53.19 0.05 (0.09%) 7:59 PM. This will be its second quarterly earnings release after the company began trading on the Nasdaq on Apr 24, 2020, post completing the previously announced business combination among DraftKings, SBTech and Diamond Eagle Acquisition Corp. Related Link: Peloton Analysts Bullish After Earnings Beat: 'Recalls Not As Bad As Feared' DraftKings reported 1.5 million monthly unique paying customers, beating Wall Street expectations of 1.3 million. The low cost translates into a fantastic risk/reward. Wall Street expectations, of course! Earnings analysis for DraftKings Inc. [DKNG] With the latest financial reports released by the company, DraftKings Inc. posted -0.4/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. DraftKings EPS beats by $0.09, beats on revenue, boosts FY revenue guidance. High Target Price Estimate: 60.00: Low Target Price Estimate: 25.00: Mean Target Price Estimate: 45.30: Standard Deviation: 10.91: Date of Most Recent Estimate: 07/31/20 (Jun 2021) Current year (2021) Next year (2022) No. The company had revenue of $312.28 million for the quarter, compared to analyst estimates of $228.34 million. Long-term net revenue estimate becomes $5.4 billion, up from $3.7 billion. BOSTON — DraftKings Inc. today reported a first-quarter loss of $346.3 million, after reporting a profit in the same period a year earlier. Wall Street had penciled in $780 million. DraftKings Inc. (NASDAQ:DKNG) loss -2.32% – Is It right time to buy? This table is designed to uncover Earnings Surprises — times when a stock's earnings either out-perform or under-perform the analysts' expectations. DraftKings, which belongs to the Zacks Gaming industry, posted revenues of $312.28 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate … Is DKNG forecast to generate an efficient return on assets? What is DKNG 's earnings per share in the next 3 years based on estimates from 7 analysts? What is DKNG 's revenue in the next 3 years based on estimates from 6 analysts? How is DKNG forecast to perform vs Consumer Cyclical companies and vs the US market? Five analysts surveyed by Zacks Investment Research had predicted $132.2 million. The business earned $322 million during the quarter, compared to analysts' expectations of $232.04 million. Its revenue for the quarter was up 68.6% on a year-over-year basis. DraftKings has generated $0.00 earnings per share over the last year. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share. The forecasts are looking good for NVIDIA. DraftKings posted revenue of $132.8 million during the third period, which did exceed Wall Street forecasts. According to a Yahoo Finance: The Zacks Consensus Estimate for revenues currently stands at $132.2 million. The new note on the price target was released on May 03, 2021, representing the official price target for DraftKings Inc. stock. Estimates: Analysts expected a loss of 63 cents a share on revenue of $132.2 million, according to Zacks Investment Research. On the stock market, DraftKings’ robust spending in sales and marketing is seen as the biggest reason for a posted loss of 87 cents a share, worse than analysts’ estimate of 44 cents. Conversely, if the numbers disappoint, the stock can easily gap down. Needless to say, the results failed to meet Wall Street’s expectations. Add to Watchlist. The numbers are almost in line with the midpoint of the company’s revenue guidance (issued in November) of $4.80 billion and an earnings estimate of $2.79 per share. DraftKings trades at a ~26x last twelve months (LTM) sales multiple and a ~20x estimated 2021 sales multiple despite (i) no expectation of earnings for years, (ii) intense competition, and (iii) regulatory risk. An important predictor of whether a stock price will go up is its track record of momentum. For DraftKings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Also, revenue specifically for DraftKings came in at $88.54 million, while SBTech reported earnings of 22.59 million euros. Bull Trade: Buy the Dec $45/$50 bull call spread for $1.30. The forecasts are looking good for NVIDIA. Six analysts surveyed by Zacks expected $228.3 million.DraftKings expects full-year revenue in the range of $1.05 billion to $1.15 billion.DraftKings shares have climbed 11% since the beginning of … High Growth Revenue: DKNG's revenue (28.6% per year) is forecast to … This compares to year-ago revenues of $88.54 million. [Operator Instructions] I would now like to hand the conference over to your speaker today, Stanton Dodge, Chief Legal Officer. Next DraftKings Inc earnings date is Aug 13, the estimation is 0.00. Major sports are resuming and the early numbers look great for DraftKings. of analysts: 20: 20: 25: 24: Avg. The company’s shares have almost quadrupled since the start of the year, and DraftKings stock has more than quadrupled over the last 12 months. DKNG | DraftKings Inc. Cl A Analyst Estimates & Rating – WSJ. The company reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.36). DraftKings is well-positioned with over $1.2 billion in cash and no debt to enter new states as soon as practicable, drive continued product innovation, take advantage of unique customer acquisition opportunities in the second half of 2020 and beyond and to explore opportunistic M&A. Investors’ optimism about the company’s current quarter earnings report is understandable. Earnings Estimates are available only for US equities. This has resulted in an Earnings ESP of -4.11%. DraftKings EBITDA stands for earnings before interest, taxes, depreciation, and amortization. See DraftKings Inc. (DKNG) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. DraftKings shares were marked 3.3% higher in early trading Friday to change hands at $59.20 each, a move that would extend the stock's year-to-date gain to … DraftKings, which belongs to the Zacks Gaming industry, posted revenues of $312.28 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by … The company earned $312.28 million during the quarter, compared to analyst estimates of $228.34 million. DraftKings Inc. (NASDAQ:DKNG) shares, rose in value on Wednesday, June 06, with the stock price down by -1.48% to the previous day’s close as strong demand from buyers drove the stock to $54.48. Detailed financial data and other information are available in DraftKings’ 8-K/A, filed today with the Securities … On Monday, DraftKings stock earned three bullish price estimate revisions following last Friday’s earnings report, the company’s first since its April 24 initial public offering. Equities analysts forecast that DraftKings Inc. (NASDAQ:DKNG) will report sales of $240.84 million for the current fiscal quarter, according to Zacks Investment Research. SA News • Fri, May 7 • 59 Comments. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.The company posted revenue of $312.3 million in the period, topping Street forecasts. -0.51 (-0.95%) DATA AS OF Jun 11, 2021. DraftKings (NASDAQ:DKNG) last announced its quarterly earnings data on Friday, May 7th. Worth & Traffic Estimate of draftkings.com Estimated numbers for draftkings.com - Niche: General - Average CPM: $2.80 CPM or eCPM: Effective Cost per 1000 impressions. $48.06 USD. In a research note that called DraftKings "a $21 billion SPAC betting it can hide its black market operations", Hindenburg also unveiled a short position in the online gaming group. For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase of 253% compared to $89 million during the same period in 2020. (Sep 2021) Current Year (2021) Next Year (2022) No. Zacks Equity Research is expecting a 73.5% jump in sales to $230.55m, with a consensus earnings estimate of -$0.57 per share, implying a 41.8% reduction in losses from the previous quarter. Last Quarter's Earnings-0.87: Year Ago Earnings-1.90: Current Quarter's Estimate-0.53: Current Year's Estimate-2.32: Median PE on CY Estimate: N/A: Next Fiscal Year Estimate-1.58: … DraftKings (ticker: DKNG) said it raised its long-term net revenue estimate to $5.4 billion, up from $3.7 billion. Q4 2020 (Dec 2020) EPS of -$0.68 missed by -$0.19 Revenue of … (Mar 2021) Next qtr. Should I buy or sell DKNG stock? Is DKNG forecast to generate an efficient return? Is DKNG forecast to generate an efficient return on assets? What is DKNG 's earnings per share in the next 3 years based on estimates from 7 analysts? What is DKNG 's revenue in the next 3 years based on estimates from 6 analysts? When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. See DraftKings Inc. (DKNG) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Wall Street analysts expect NVIDIA to deliver $2.80 per share in earnings on revenue of $4.82 billion. DKNG - DraftKings Inc. 53.14. Estimate: 228.88M: 214.84M: 1.02B: 1.44B: Low estimate: 197.7M: 183.5M: 868.41M: 1.17B: High estimate… DraftKings Stock Is Up 6%. Earlier this spring, DraftKings increased the company’s long-term adjusted EBITDA estimate to $1.7 billion annually during an Investor Day presentation. The Boston-based company said it had a loss of 87 cents per share. Learn about DKNG (XNAS) with our data and independent analysis including price, star rating, valuation, dividends, and financials. Learn about DKNG (XNAS) with our data and independent analysis including price, star rating, valuation, dividends, and financials. DraftKings Inc Stock Anaylsis: Historical quarterly revenues per share for DraftKings Inc and historical quarterly revenue growth: Analysts estimate an earnings decrease this quarter of $0.36 per share, a decrease next quarter of $0.16 per share, a decrease this year of $0.37 per share, and an increase next year of $0.53 per share. Despite a 52-week range of $23-$74, DraftKings stock’s Jan. 4 price of $43.86 is similar to the current price. Results: DraftKings … DraftKings Inc.’s next earnings report date is -. Breakdown of the numbers. For publishers it means average earnings for each 1k impressions. ( 62,046 followers) Summary. Zacks Equity Research is expecting a 73.5% jump in sales to $230.55m, with a consensus earnings estimate of -$0.57 per share, implying a 41.8% reduction in losses from the previous quarter. How Have the Numbers Shaped Up for DraftKings? ... Earnings Estimate Analysis: The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. DraftKings' (DKNG) second-quarter 2020 results are expected to reflect strong demand for iGaming and expanding footprint in new states despite coronavirus-related headwinds. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! The numbers are almost in line with the midpoint of the company’s revenue guidance (issued in November) of $4.80 billion and an earnings estimate of $2.79 per share. The results missed Wall Street expectations. DraftKings rallied as much as 11.1% in early Friday trading right after the business beat third-quarter estimates and described a leap in month to month people. Analysts covering Draftkings Inc currently have a consensus Earnings Per Share (EPS) forecast of -2.579 for the next financial year. $47.85 … The lowest sales estimate is … DraftKings posted a better-than-expected earnings loss of $0.32 compared to the $0.42 loss predicted by analysts. Six analysts surveyed by Zacks expected $228.3 million. DraftKings expects full-year revenue in the range of $1.05 billion to $1.15 billion. High Target Price Estimate: 70.00: 70.00: 70.00: 70.00: Low Target Price Estimate: 33.00: 33.00: 33.00: 33.00: Mean Target Price Estimate: 53.00: 52.44: 52.13: 50.31: Standard Deviation: 11.79: 12.25: 11.97: 11.91: Date of Most Recent Estimate: 10/23/20: 10/19/20: 10/12/20: 10/01/20 DraftKings also touted proficient execution of launches of online mobile sports betting in Michigan and Virginia. It reaches roughly 8,692,050 users and delivers about 13,907,280 pageviews each month. The company has EPS estimate of $-0.51 for the next earnings report. DraftKings posted revenue of $132.8 million during the third period, which did exceed Wall Street forecasts. draftkings.com rank has decreased -15% over the last 3 months. Start a 14-day free trial to Morningstar … DraftKings last posted its earnings data on May 7th, 2021. Example: A website with a $3 CPM and 10000 impressions/pageviews a day is making on average $30 dollars a day. How can I tell whether the Draftkings Inc share price will go up? Financials. Six analysts have made estimates for DraftKings' earnings. DraftKings Inc. (NASDAQ:DKNG) trade information Sporting -5.22% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 06/14/21 when the … Several analysts have recently commented on the company. The company provided earnings per share (EPS) guidance of – for the period. of Analysts: 21: 21: 26: 24: Avg. Your loss is limited to $1.30, but if DraftKings stock can rise past $50 by expiration, the potential gain is a tasty $3.70. (NASDAQ: DKNG) DraftKings's current Earnings Per Share (EPS) is -$4.35. The DraftKings earnings report also includes a net loss of $161.44 million. AT CLOSE 4:00 PM EDT 06/18/21. The stock is hit a record high of $74.38/share in 2021 and is currently trading near $56/share. The Zacks Consensus Estimate for revenues currently stands at $132.2 million. DKNG EBITDA margins provide investors a snapshot of short-term operational efficiency. DraftKings (DKNG) closed the most recent trading day at $49, moving +1.96% from the previous trading session. DraftKings also reported $312 million in revenue, ahead of the $236-million consensus analyst estimate. For DraftKings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. What really determines the outcome of whether a stock will pump or dump into and following earnings? DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. Zacks Investment Research surveyed six analysts, whose average estimate was for a loss of 63 cents per share. DraftKings is scheduled to report earnings before Friday’s open. Revenue Estimate Current Qtr. This will be its first quarterly-earnings release after the company began trading on the Nasdaq on Apr 24, 2020, post completing the previously announced business combination among DraftKings, SBTech and Diamond Eagle Acquisition Corp. Get the hottest stocks to trade every day before the … The Zacks Consensus Estimate for revenues currently stands at $70 million. BOSTON – May 15, 2020 – DraftKings Inc. (Nasdaq: DKNG) today reported financial results for DraftKings’ and SBTech’s first quarter ended March 31, 2020, achieved prior to the completion of the companies’ business combination with Diamond Eagle Acquisition Corp. on April 23, 2020. Financial summary of DraftKings Inc with all the key numbers The current DKNG market cap is 20.029B. Berenberg have made an estimate for DraftKings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 12, 2021. On average, analysts forecast that DKNG's EPS will be $-2.92 for 2021, with the lowest EPS forecast at $-3.26, and the highest EPS forecast at $-2.07. By Cody Benson June 21, 2021 How have the shares performed? Draftkings target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models. Nasdaq 100. DraftKings Inc.’s next earnings report date is -. Estimated earnings for the last four quarters. Ratings. Its estimated monthly … $53.14. DraftKings Inc. said its first-quarter revenue topped analysts’ expectations, and the company boosted its projections for the year. In Summary: DraftKings would gross between $2.9 billion and $4.3 billion a year if online sports betting becomes legal nationwide. DraftKings traded down 5.6% Tuesday following the development that the sports betting giant would offer more than a $1 billion issue of convertible notes. The company posted revenue of $312.3 million in the period, topping Street forecasts. DraftKings Earnings Report. DraftKings gave initial 2021 revenue guidance of $750 million to $850 million, a 45% gain at the midpoint. Revenue was up 253% from a year ago. Typically, when actual earnings out-perform the analysts' estimate, a stock's share price tends to rise; when the actual earnings … Revenue vs Market: DKNG's revenue (28.6% per year) is forecast to grow faster than the US market (9.5% per year). Please go ahead, sir. That’s a 284% return. The company has EPS estimate of $-0.51 for the next earnings report. Volume 12,194,660. draftkings.com was launched at March 13, 2011 and is 10 years and 82 days. Revenue and earnings for the three-month period landed above analyst expectations, and the company lifted its 2020 and 2021 revenue guidance. Wall Street analysts expect NVIDIA to deliver $2.80 per share in earnings on revenue of $4.82 billion. DraftKings continues to transact with the entity, according to SEC filings. >Earnings Surprises. The company issued revenue guidance of $1.05 billion-$1.15 billion, compared to the consensus revenue estimate of $1.05 billion. On the other hand, the stock currently carries a Zacks Rank of #3.
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