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DraftKings (DKNG) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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In its upcoming report, DraftKings (DKNG - Free Report) is predicted by Wall Street analysts to post quarterly loss of -$0.18 per share, reflecting an increase of 30.8% compared to the same period last year. Revenues are forecasted to be $1.39 billion, representing a year-over-year increase of 21.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 7.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific DraftKings metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Sportsbook' should arrive at $771.95 million. The estimate indicates a year-over-year change of +29.5%.
It is projected by analysts that the 'Revenue- Other' will reach $96.69 million. The estimate indicates a change of +0.1% from the prior-year quarter.
Analysts predict that the 'Revenue- iGaming' will reach $483.33 million. The estimate suggests a change of +7.1% year over year.
The consensus estimate for 'Average Revenue per MUP (ARPMUP)' stands at $108.03 . Compared to the present estimate, the company reported $106.00 in the same quarter last year.
The average prediction of analysts places 'Monthly Unique Payers (MUPs)' at 4.03 million. Compared to the present estimate, the company reported 3.60 million in the same quarter last year.
Over the past month, DraftKings shares have recorded returns of +12.5% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #3 (Hold), DKNG will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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DraftKings (DKNG) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, DraftKings (DKNG - Free Report) is predicted by Wall Street analysts to post quarterly loss of -$0.18 per share, reflecting an increase of 30.8% compared to the same period last year. Revenues are forecasted to be $1.39 billion, representing a year-over-year increase of 21.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 7.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific DraftKings metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Sportsbook' should arrive at $771.95 million. The estimate indicates a year-over-year change of +29.5%.
It is projected by analysts that the 'Revenue- Other' will reach $96.69 million. The estimate indicates a change of +0.1% from the prior-year quarter.
Analysts predict that the 'Revenue- iGaming' will reach $483.33 million. The estimate suggests a change of +7.1% year over year.
The consensus estimate for 'Average Revenue per MUP (ARPMUP)' stands at $108.03 . Compared to the present estimate, the company reported $106.00 in the same quarter last year.
The average prediction of analysts places 'Monthly Unique Payers (MUPs)' at 4.03 million. Compared to the present estimate, the company reported 3.60 million in the same quarter last year.
View all Key Company Metrics for DraftKings here>>>Over the past month, DraftKings shares have recorded returns of +12.5% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #3 (Hold), DKNG will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .