DraftKings (DKNG) came out with a quarterly loss of $0.60 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced earnings of $0.12, delivering a surprise of 500%.Over the last four quarters, the company has surpassed co ...

In a Thursday interview with CNBC's Jim Cramer, DraftKings CEO Jason Robins said the online sports betting industry is at a turning point as more people across the country realize they can gamble legally."We're at a very, you know, important inflection point in the industry," Robins said. "Most people assume that it's legal in most states now if not all. And we're just seeing a lot of great growth."DraftKings cut its full-year guidance for 2024 when it reported Thursday after the close, sending shares down ...

BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 millio ...

DraftKings Inc. (DKNG) is scheduled to report third-quarter 2024 results on Nov. 7, after the closing bell. In the last reported quarter, the company registered an earnings surprise of 500%.DKNG’s Estimates Trend UpwardThe Zacks Consensus Estimate for third-quarter adjusted loss per share has narrowed to 42 cents from 43 cents in the past 30 days. In the prior-year quarter, the company had reported an adjusted loss per share of 61 cents. For revenues, the consensus mark is pegged at $1.12 billion, suggestin ...

As the sports betting industry explodes, DraftKings has established itself as one of the premier platforms.Like plenty of other younger growth stocks, online sports betting company DraftKings (DKNG 1.05%) has experienced its fair share of ups and downs since going public in April 2020. After reaching an all-time high in March 2021, the stock has lost just over half of its value.While there are plenty of challenges and hurdles that DraftKings will need to iron out (along with the rest of the sports-betting i ...

For Immediate ReleasesChicago, IL – November 1, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Marriott International, Inc. (MAR) , DraftKings Inc. (DKNG) , Choice Hotels International, Inc. (CHH) and Airbnb, Inc. (ABNB) . Here are highlights from Friday’s Analyst Blog:Marriott Gears Up to Report Q3 Ear ...

DraftKings Inc (NASDAQ:DKNG) stock is 0.3% higher to trade at $36.65 at last check, and sports a 35.9% year-over-year lead. Shares spent a good portion of October attempting -- and failing -- to conquer the $39 level, after a September rally fell short of the $43 level. Most recently, however, the security pulled back to a historically bullish trendline that may just be its ticket higher.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, DraftKings stock is now within striking dista ...

DraftKings Inc DKNG analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector.The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings with a $50 price target in a new investor note.Read Also: DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earning ...

DraftKings (DKNG) ended the recent trading session at $36.47, demonstrating a -0.84% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%. Coming into today, shares of the company had lost 10.16% in the past month. In that same time, the Consumer Discretionary sector gained 0.88%, while the S&P 500 gained 1.39%. The investment community will be closely monitoring the performance of DraftKing ...

Stock Performance and Technical Analysis - DraftKings (DKNG) stock is trading between $37 and $39, showing choppy movement after recovering from an early August dip to its lowest level since November 2023 [1] - The stock is down 1 1% year-to-date at $37 24, but remains 5 4% higher since the start of 2024 [1] - DKNG is approaching its year-to-date breakeven level and is within one standard deviation of its 50-day moving average, a historically bullish trendline [1] - Over the past two months, DKNG has traded above its 50-day moving average 80% of the time and in eight of the past 10 trading days [1] - Similar patterns in the past three years have resulted in the stock being higher one month later four out of five times, with an average return of 10 6% [1] - A 10 6% increase from current levels would push DKNG stock to around $41, closer to its all-time high of $49 57 reached on March 27 [1] Short Interest and Market Sentiment - Short interest in DKNG has decreased by 4 3% over the last two weeks, but 24 68 million shares sold short still represent 5 2% of the total available float [2] - It would take short sellers nearly three days to cover their bearish positions based on current trading volumes [2]