DraftKings (DKNG) is set to report fourth-quarter 2023 results on Feb 15.The Zacks Consensus Estimate for revenues is pegged at $1.22 billion, indicating an increase of 42.88% from the year-ago quarter’s levels.The consensus mark for loss has moved south by 50% in the past 30 days to 6 cents per share.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same once. DraftKings has a trailing four-quarter earnings surprise of 13.23%, on average.Let’s ...

On paper, online sportsbook DraftKings (NASDAQ:DKNG) secured a meaningful long-term catalyst. Late Sunday, following the end of the Super Bowl, Barstool Sports founder Dave Portnoy confirmed that the sports-oriented blog signed a multi-year deal with DraftKings. Though the recently concluded NFL championship saw record-breaking gambling interest, concerns related to the repeatability of the performance may have weighed on DKNG stock.According to Investor’s Business Daily, the new partnership arrives before ...

DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets. The sports betting industry has rapidly expanded, boosting DraftKings' stock by 185% over the last 12 months. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a person ...

DraftKings (DKNG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. 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.The earnings report, which is expected to be released on February 15, 2024, might help the stock move higher if these key numbers are better tha ...

The most recent trading session ended with DraftKings (DKNG) standing at $41.74, reflecting a -0.5% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.Shares of the company witnessed a gain of 24.81% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.45% and the S&P 500's gain of 5.3%.Investors will be eager ...

DraftKings (DKNG) closed the latest trading day at $41.95, indicating a +0.87% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.Shares of the company witnessed a gain of 25.35% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.23% and the S&P 500's gain of 4.59%.Analysts and investors alike will be k ...

When finding stocks to own, growth stocks are a top priority. For those looking to invest with a truly long-term investing time horizon, growth stocks tend to outperform. Companies that can post market-beating growth rates have done incredibly well in recent decades, supported by relatively low-interest rates (that have since headed north). This has led to this list of high-octane growth stocks.But with interest rates potentially on the decline, investors could be due for a continued rally in many top growt ...

People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors. The gaming scene looks quite intriguing here as industry rivals duke it out for a larger share of the sizeable market.If you watch sports, you’ve probably been bombarded with many sports-betting a ...

Darren McCollester/Getty Images Entertainment A few years ago, DraftKings Inc. (NASDAQ:DKNG) was, in our view, and to put it mildly, an expensive-looking train wreck. After going public via SPAC in 2020, DKNG quickly became one of the cohorts of stocks that was clocking very high revenue growth, and thus trading in the 'speculative basket', which included names from other 'high-growth' sectors like cannabis (Canopy Growth Corporation (CGC), Tilray Brands, Inc. (TLRY)), 3D printing (Desktop Metal, Inc. (DM), ...

On paper, DraftKings (NASDAQ:DKNG) shareholders should feel pressure from a new competitor in the publicly traded sports betting scene. Earlier on Monday, Flutter Entertainment (NYSE:FLUT) made its U.S. trading debut on the New York Stock Exchange (NYSE) under the ticker symbol FLUT. Previously, shares were traded over the counter. Theoretically, the added attention could draw investment funds away from DKNG stock. However, this ecosystem might not be a zero-sum game.According to a Seeking Alpha report, Flu ...