BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, pl ...

DraftKings (DKNG) closed the most recent trading day at $37.86, moving +1.91% from the previous trading session. This change outpaced the S&P 500's 0.55% gain on the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.63%. Investors will be eagerly watching for the performance of DraftKings in its upcoming earnings disclosure. On that day, DraftKings is projected to report earnings of -$0.01 per share, which would represent year-over-year growth of 9 ...

In the latest market close, DraftKings (DKNG) reached $36.64, with a -0.27% movement compared to the previous day. This change lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.26 per share and revenue of $4.99 billion. These totals would mark changes of +84.97% and +36.15%, respectively, from last year. I ...

Author's work on DKNG Everyone wants strong performance across the portfolio. But strong performance comes at a cost. You have to embrace significant volatility to get strong results. Because there's no free dinner anywhere. But provided that the thesis is intact, you will get rewarded. I know this may sound difficult to believe right now. However, I know this to be true. I've seen this happen on numerous occasions. Investors are in a risk-off period and a negative story gets attached to the stock. And that ...

The latest trading session saw DraftKings (DKNG) ending at $37.67, denoting a -0.87% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and a revenue of $4.97 billion, representing changes of +87.28% and +35.47%, respectively, from the prior year. The Zacks Rank ...

Moreover, growth stocks typically thrive in environments of low interest rates and economic expansion. Yet, with current economic indicators pointing toward higher interest rates and a slowdown in growth, it's crucial for investors to be selective. Also, Magnite's strategically focuses on scaling its technology-driven advertising solutions, particularly in the burgeoning CTV sector. This has yielded impressive financial outcomes in Q1 of 2024. With revenue climbing to $149.3 million, a 15% rise YOY. Importa ...

Investors will be eagerly watching for the performance of DraftKings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.02, marking a 111.76% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.11 billion, showing a 27.43% escalation compared to the year-ago quarter. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near f ...

This report provides an overview of the gambling and betting sector across the Americas region. It explores all the main active brands in the sector as well as details the movement in the sector over the last few years in the sports sponsorship industry. American gambling and betting brands dominate the sports sponsorship spend across the Americas. Gambling and betting brands with headquarters in the Americas region acquired 383 deals, accumulating to over $1 billion in annual value. BetMGM are the most act ...

The WFA had claimed that online Florida sports betting should not have been approved by the Department of Interior because the betting does not physically take place on tribal land. This is a huge positive for DraftKings, as other states, such as New Mexico, Washington and Wisconsin, could "expand upon those agreements and let the recognized tribal gaming nations in those states operate online sports betting across the state." The 5 Biggest Buyers of DKNG Stock Hedge funds, a subset of 13F filers, were also ...

DraftKings (NASDAQ:DKNG) is a thriving business, but that comes with a cost as some state-level legislators want a piece of that delicious fiscal pie. No worries, though, as DraftKings can still continue to succeed as a business enterprise and DraftKings stock has mega-rally potential. Just a moment ago, I alluded to legislators wanting a piece of the financial pie from the sports-betting industry. This is definitely happening in Illinois, where state senators recently approved a budget for 2025. DraftKings ...