DraftKings (DKNG) Expected to Announce Earnings on Thursday

DraftKings (NASDAQ:DKNG) is projected to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $1.54 billion for the quarter. DraftKings has set its FY 2025 guidance at EPS.

DraftKings (NASDAQ:DKNG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.35). DraftKings had a negative net margin of 10.64% and a negative return on equity of 48.13%. On average, analysts expect DraftKings to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DraftKings Price Performance

Shares of DKNG opened at $33.29 on Thursday. DraftKings has a twelve month low of $28.69 and a twelve month high of $53.61. The firm’s fifty day simple moving average is $36.64 and its 200-day simple moving average is $39.42. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of -31.41, a PEG ratio of 1.43 and a beta of 2.16. The company has a current ratio of 0.93, a quick ratio of 1.00 and a debt-to-equity ratio of 1.24.

Insider Activity

In related news, insider Jason Robins sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $45.00, for a total value of $9,000,000.00. Following the completion of the transaction, the insider now directly owns 2,678,613 shares of the company’s stock, valued at $120,537,585. This trade represents a 6.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jocelyn Moore sold 3,420 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.00, for a total value of $143,640.00. Following the completion of the transaction, the director now directly owns 1,612 shares of the company’s stock, valued at $67,704. The trade was a 67.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,628,302 shares of company stock valued at $111,145,088 over the last quarter. Corporate insiders own 51.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DKNG. Northland Securities set a $50.00 price objective on shares of DraftKings in a report on Friday, April 25th. Mizuho cut their price target on shares of DraftKings from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday. Jefferies Financial Group set a $60.00 price target on shares of DraftKings and gave the stock a “buy” rating in a research note on Sunday, April 13th. Benchmark lifted their price target on shares of DraftKings from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Finally, TD Cowen cut their price target on shares of DraftKings from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.48.

About DraftKings

DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.