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DraftKings (DKNG) Declines More Than Market: Some Information for Investors
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DraftKings (DKNG - Free Report) closed the most recent trading day at $24.32, moving -2.49% from the previous trading session. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
The company's stock has dropped by 5.49% in the past month, falling short of the Consumer Discretionary sector's gain of 1.02% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of DraftKings in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is expected to report EPS of $0.22, down 42.11% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.53 billion, indicating a 1.3% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.09 per share and a revenue of $6.8 billion, representing changes of +65.15% and +12.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DraftKings. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 10.42% fall in the Zacks Consensus EPS estimate. DraftKings is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DraftKings has a Forward P/E ratio of 22.99 right now. This valuation marks a premium compared to its industry average Forward P/E of 18.73.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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DraftKings (DKNG) Declines More Than Market: Some Information for Investors
DraftKings (DKNG - Free Report) closed the most recent trading day at $24.32, moving -2.49% from the previous trading session. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
The company's stock has dropped by 5.49% in the past month, falling short of the Consumer Discretionary sector's gain of 1.02% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of DraftKings in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is expected to report EPS of $0.22, down 42.11% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.53 billion, indicating a 1.3% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.09 per share and a revenue of $6.8 billion, representing changes of +65.15% and +12.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DraftKings. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 10.42% fall in the Zacks Consensus EPS estimate. DraftKings is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DraftKings has a Forward P/E ratio of 22.99 right now. This valuation marks a premium compared to its industry average Forward P/E of 18.73.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.