DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +9.3%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has lost 1.2%. The key question now is: What could be the stock's future direction? While media releases or rumors about a subst ...

As earnings season winds down, the long-awaited shift from growth to value seems to be emerging. Many tech stocks are down despite good earnings as investors hunt for bargains. That’s a good reason to explore undervalued stocks under $50. To begin with, investors like stocks under $50 because they can make a small investment go further. But, there’s a difference between price and value. Some stocks under $50 don’t have much upside left for investors. And if they don’t pay a dividend, you can find better opt ...

DraftKings Inc. (NASDAQ:DKNG) Q1 2023 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder and Chief Executive Officer Alan Ellingson - Chief Financial Officer Conference Call Participants Shaun Kelley - BofA Stephen Grambling - Morgan Stanley Joe Greff - JPMorgan Ben Miller - Goldman Sachs Robin Farley - UBS Carlo Santarelli - Deutsche Bank Clark Lampen - BTIG Joe Stauff - Susquehanna Robert Fishman - MoffettNathanson Ara Masias ...

May 2, 2024 Forward-Looking Statements You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this presentation primarily on our current expectations and projections about future events and trends, including the current macroeconomic environment, that we believe may affect our business, financial condition, results of operations, and prospects. These forward-looking statements are not guarantees of future performance, cond ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________. Commission file number 001-41379 DRAFTKINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million Boston, MA – May 2, 2024 — DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Qua ...

Learn what trend is sweeping the U.S. and what stock is poised to capitalize on it.Trends can be easy to miss. After all, many people heard about artificial intelligence (AI) and how it was the "next big thing," and yet, many of those same people never invested a penny into AI stocks like Nvidia, Super Micro Computer, or SoundHound AI before they went parabolic during the last two years.So, what other trends -- and potential multibaggers -- might investors be missing?I think I've identified one such trend. ...

DraftKings stock has scored a positive post-earnings reaction in six of its last eight reportsDraftKings Inc (NASDAQ:DKNG) steps into the earnings confessional after the stock market closes on Thursday, May 2. Ahead of the event, the sports betting stock is testing a key trendline on the charts, and has lost a little of its luster from its first-quarter breakout. The good news: DKNG historically tends to outperform after earnings reports.DraftKings stock has closed higher the session after reporting in six ...

DraftKings (DKNG) is set to report first-quarter 2024 results on May 2.The Zacks Consensus Estimate for revenues is pegged at $1.13 billion, indicating an increase of 46.24% from the year-ago quarter’s levels.The Zacks Consensus Estimate is pegged at a loss of 28 cents per share, which has remained unchanged in the past 30 days.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 57.07%.Let’s se ...

DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -9.9%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has lost 7.7%. The key question now is: What could be the stock's future direction?While media releases or rumors about a substan ...