DraftKings (DKNG) Expected to Announce Earnings on Thursday

DraftKings (NASDAQ:DKNG - Get Free Report) is projected to announce its Q4 2024 earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $1.40 billion for the quarter. DraftKings has set its FY 2025 guidance at EPS.Investors interested in participating in the company's conference call can do so using this link.

DraftKings (NASDAQ:DKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.35). DraftKings had a negative return on equity of 41.23% and a negative net margin of 9.06%. On average, analysts expect DraftKings to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DraftKings Trading Up 15.2 %

DraftKings stock traded up $7.04 during trading hours on Friday, reaching $53.49. The company had a trading volume of 48,307,158 shares, compared to its average volume of 9,425,434. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average price of $40.36 and a 200 day moving average price of $38.62. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of -60.78, a P/E/G ratio of 3.18 and a beta of 1.93. DraftKings has a 12-month low of $28.69 and a 12-month high of $53.61.

Analysts Set New Price Targets

A number of equities analysts have commented on DKNG shares. Canaccord Genuity Group lifted their price target on DraftKings from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday. TD Cowen reduced their target price on DraftKings from $55.00 to $51.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Susquehanna reduced their target price on DraftKings from $56.00 to $54.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Mizuho boosted their target price on DraftKings from $54.00 to $62.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a "buy" rating and set a $60.00 target price on shares of DraftKings in a research note on Friday. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.58.

Insiders Place Their Bets

In other news, insider Paul Liberman sold 532,095 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $38.30, for a total transaction of $20,379,238.50. Following the transaction, the insider now directly owns 68,654 shares of the company's stock, valued at $2,629,448.20. This represents a 88.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Robins sold 200,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $45.00, for a total value of $9,000,000.00. Following the transaction, the insider now directly owns 2,678,613 shares in the company, valued at approximately $120,537,585. The trade was a 6.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,163,742 shares of company stock valued at $47,082,888. 51.19% of the stock is currently owned by corporate insiders.

DraftKings Company Profile

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.