DraftKings Inc. is set to announce its latest quarterly earnings on Wednesday, May 6th, with a consensus estimate EPS of $0.22.
In the current trading session, DraftKings Inc. is priced at $23.22, showing a decrease of 31 cents (-1.32%) from the previous close. The trading volume stands at $1.43 million, representing a 9.29% change from the average.
The company's latest quarterly earnings were reported on Wednesday, February 11th, with an EPS of 28 cents. The consensus estimate was 50 cents, indicating a variance.
Raymond James recently upgraded DraftKings Inc.'s grade from Market Perform to Outperform on April 24th.
DraftKings Inc. experienced a net change in cash of $371.73 million, ending the period with $1.60 billion in cash. Operating cash flow amounted to $320.47 million.
The company reported a gross profit of $914.69 million and a net income of $136.43 million. Earnings per share (EPS) stood at 26 cents.
Key ratios for DraftKings Inc. include a gross profit margin of 46%, return on equity of 21.6%, and a price-earnings ratio of 30.77.
DraftKings Inc. holds total assets of $4.53 billion, with total liabilities at $3.90 billion. Cash and cash equivalents amount to $1.60 billion.
This financial report provides insights into DraftKings Inc.'s performance, upcoming earnings, analyst grades, and key financial metrics, offering investors valuable information for decision-making.
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.