BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Second Quarter 2024 Highlights For the three months ended ...

BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Second Quarter 2024 Highlights For the three months ended ...

While the company did not specify the nature of the legal developments, a report Tuesday by Coindesk noted that DraftKings is the subject of a federal class action lawsuit claiming the company's NFTs are unregistered securities. The company announced Tuesday (July 30) it was shuttering the marketplace, along with Reignmakers, a fantasy sports game based around NFTs, due to "recent legal developments." "This decision was not made lightly, and we believe it is the right course of action," DraftKings said in i ...

DraftKings (DKNG) is set to report second-quarter 2024 results on Aug 1. The Zacks Consensus Estimate for revenues is pegged at $1.12 billion, indicating an increase of 28.03% from the year-ago quarter's levels. The company's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, delivering an average negative surprise of 58.26%. Let's see how things have shaped prior to this announcement. The leading digital sports entertainment and gaming company's st ...

DraftKings (DKNG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +82.4%. Inve ...

DraftKings currently has an average brokerage recommendation (ABR) of 1.31, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 31 brokerage firms. An ABR of 1.31 approximates between Strong Buy and Buy. Looking at the earnings estimate revisions for DraftKings, the Zacks Consensus Estimate for the current year has declined 31.1% over the past month to -$0.29. Of the 31 recommendations that derive the current ABR, 26 are Strong Buy ...

Washington D.C. is home to professional sports teams across the MLB, MLS, NBA, WNBA, NWSL and NHL and soon, eligible sports fans will have access to a wide variety of betting markets and key offerings such as same-game parlays, in-game betting, special odds boosts and more on DraftKings online sportsbook. Eligible customers in Washington D.C. can access the latest betting markets and more by downloading the DraftKings Sportsbook app available via iOS and Android here. DraftKings is committed to providing cu ...

"While a lot has changed in the sports betting industry over the past three-and-a-half years, our original vision for VSiN still holds and we are committed to delivering the most credible, independent information and analysis sports bettors can find anywhere," said Brian Musburger. "We truly appreciate the work we've done with DraftKings and look forward to continuing to collaborate on future projects. Bill and I couldn't be more excited about leading VSiN into the future and cementing our position as a tru ...

DraftKings (DKNG) closed the most recent trading day at $36.93, moving +0.71% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.71%. At the same time, the Dow lost 0.93%, and the tech-heavy Nasdaq lost 0.81%. DKNG's full-year Zacks Consensus Estimates are calling for earnings of -$0.28 per share and revenue of $5 billion. These results would represent year-over-year changes of +83.82% and +36.33%, respectively. Our research demonstrates that these adjustments ...

DraftKings (NASDAQ:DKNG) is the second largest sports wagering platform, with a 32% market share in the U.S. Over the past five years, it has seen impressive growth as sports betting has become more popular. As a result, revenues grew by 72% and 63% in 2022 and 2023, respectively. Source: Rido / Shutterstock In fairness, most large-cap stocks rarely have the upside of smaller capitalization stocks. The law of large numbers means that large-cap companies cannot grow as fast. Furthermore, because they are wid ...