Upcoming Earnings Overview DraftKings Inc. is set to release its latest quarterly earnings on Wednesday, May 6th, with a consensus estimate of $0.22 EPS.
Live Analysis Currently, DraftKings Inc. is priced at $23.45, showing a decrease of -8.3 cents (-0.353%) from the previous close. Trading volume stands at $2.48 million, representing a 16.07% increase compared to the average.
Earnings Overview In the most recent quarterly earnings report on Wednesday, February 11th, DraftKings Inc. reported an EPS of 0.25, below the consensus estimate of 0.5.
Grades Raymond James recently upgraded DraftKings Inc. from "Market Perform" to "Outperform" on April 24th.
Cash Flow The company's cash flow indicates a net change of $371.73 million, with free cash flow amounting to $316.52 million.
Income Statement DraftKings Inc. recorded a gross profit of $914.69 million, with an operating income of $158.11 million. The net income for the period stood at $136.43 million.
Ratios Key ratios include a net profit margin of 6.86%, return on equity of 21.6%, and a price-to-earnings ratio of 30.77.
Balance Sheet The balance sheet reveals total assets of $4.53 billion, with total liabilities at $3.90 billion, indicating a healthy financial position.
This report provides a snapshot of DraftKings Inc.'s current financial performance, highlighting key metrics and recent developments in the market.
DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.