DraftKings (DKNG) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.5 per share. This compares to a loss of $0.28 per share a year ago.
The sports-betting company sees “a massive, incremental opportunity” in the hot world of prediction markets.
DraftKings Inc (NASDAQ:DKNG) is gearing up for its fourth-quarter report, due out after the close tomorrow, Feb. 12.
DraftKings faces a mixed outlook, balancing free cash flow growth, competitive pressures, and significant debt obligations. DKNG's share repurchase program aims to boost intrinsic value but may not effectively reduce share count due to high stock-based compensation. Current free cash flow is roughly offset by stock-based compensation, complicating deleveraging and accretive buybacks.
DKNG to report Q4 results on Feb. 12 as EPS estimates rise to 50 cents, revenues up 42.9%, with sportsbook and iGaming momentum in focus.
Draftkings CEO Jason Robins joins 'Squawk on the Street' to discuss Super Bowl betting, prediction markets, and 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.
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 (DKNG) closed the most recent trading day at $27.51, moving 8.12% from the previous trading session.
DraftKings (DKNG) reached $29.97 at the closing of the latest trading day, reflecting a -5.22% change compared to its last close.
DraftKings is a Strong Buy, and I don't see prediction markets posing a material threat to its sportsbook dominance or growth trajectory. DKNG's business momentum is robust, with all-time highs in hold percentage, net revenue margin, parlay mix, and user base in Q3 2025. The valuation is compelling at ~30x EBITDA and 2.6x sales, supporting a forward price target of $44 and 20%+ annualized return potential.