Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
DraftKings Inc. (NASDAQ:DKNG ) Q2 2025 Earnings Conference Call August 7, 2025 8:30 AM ET Company Participants Alan Ellingson - Chief Financial Officer Jason D. Robins - Co-Founder, Chairman & CEO Michael DeLalio - Corporate Participant Conference Call Participants Benjamin Harold Miller - Goldman Sachs Group, Inc., Research Division Benjamin Nicolas Chaiken - Mizuho Securities USA LLC, Research Division Bernard Jerome McTernan - Needham & Company, LLC, Research Division Brandt Antoine Montour - Barclays Bank PLC, Research Division Brian Joseph Pitz - BMO Capital Markets Equity Research Daniel Brian Politzer - JPMorgan Chase & Co, Research Division David Brian Katz - Jefferies LLC, Research Division Jed Kelly - Oppenheimer & Co. Inc., Research Division Jordan Maxwell Bender - Citizens JMP Securities, LLC, Research Division Joseph Robert Stauff - Susquehanna Financial Group, LLLP, Research Division Patrick Charles Keough - Truist Securities, Inc., Research Division Robert S.
DraftKings Inc. NASDAQ: DKNG reported record revenue and earnings in its second-quarter 2025 earnings report. This was expected, as DKNG stock was up approximately 11% in the month before earnings, and analysts had been raising their price targets.
In a perfect world, profitability and innovation go hand-in-hand. For DraftKings, which is currently live in 25 U.S. states and Washington, D.C.
DraftKings Inc. reported very strong growth in Q2, sending the stock up. Underlying indicators don't signal such strength. Growth in betting handles and active users has slowed down, while favorable sports results drove up growth. DraftKings has maintained its market share rivalry with FanDuel in sports betting, but lost share in iGaming.
Flutter Entertainment PLC (LSE:FLTR) shareholders should be watching closely when the group reports its second-quarter results tomorrow, after a blowout set of numbers from DraftKings suggested that market expectations for Flutter's US business may be too low. Analysts at Citi said the strength of DraftKings' latest earnings, particularly in online sports betting, pointed to upside potential in Flutter's own US revenue and profit margins.
The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DraftKings (DKNG) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.12 per share a year ago.
The sports-betting company's stock jumped after a big profit beat, as users bet a lot more than they did last year — and also lost more.
DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DraftKings (DKNG) concluded the recent trading session at $44.04, signifying a -1.74% move from its prior day's close.