Earnings per share were up 525.42% over the past year to $3.69, which beat the estimate of $2.25. In the second quarter of 2020, DraftKings missed earnings by 100%, reporting an EPS of -0.55 instead of the expected -0.19. DraftKings stock closed up nearly 6.5%, after the company reported fourth quarter earnings early Friday. DraftKings said it has 1.5 million monthly unique payers as of its fourth quarter. The company also raised its revenue outlook for the fiscal year 2021 from a range of $750 million to $850 million to a range of $900 million to $1 billion. DraftKings last posted its quarterly earnings data on May 7th, 2021. June 7, 2021 at 2:25 PM EDT Goldman Sachs Travel and Leisure Conference. DKNG 's next earnings announcement. Analysts: Michael Graham — Canaccord — Analyst. DraftKings shares fell on Friday morning as the company posted a mixed set of Q2 results. For the three months ended June 30, 2020, DraftKings reported GAAP revenue of $71 million compared to $57 million during the same period in 2019. undefined. BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported financial results for the second quarter of 2020. The Zacks Rank #1 company is estimated to report earnings of $3.24 in 2021, against a loss of 15 cents in the prior-year quarter. DraftKings recently reported Q2 earnings of $71 million exceeding analyst expectations of $66.39 million for the quarter. DraftKings ended the quarter with more than $1.2 billion in cash and zero debt on the balance sheet. It is on Fri 7 May (36 days ago). 0.016-3556.25% (-0.57) DraftKings is raising its fiscal year 2021 revenue guidance from a range of $750 million to $850 million to a range of $900 million to $1 billion, which equates to year-over-year growth of 40% to 55% and a 19% increase compared to the midpoint of our previous guidance. Jason Robins — Chief Executive Officer, Cofounder. “…We had a strong second quarter given the limited sports calendar with second quarter pro forma revenue of $75 million. The Earnings Whisper number was for a loss of $0.44 per share. Current P/E ratio: -15.79 | Price (June 15, 2021, EOD): $48.51 (Find … DraftKings Provides International Center for Responsible Gaming with Financial Support for First-of-its-kind Sports Wagering Research . DraftKings Inc. (NASDAQ:DKNG) Q1 2021 Earnings Conference Call. DraftKings' (DKNG) second-quarter 2020 results are expected to reflect strong demand for iGaming and expanding footprint in new states despite coronavirus-related headwinds. The consensus estimate was a loss of $0.42 per share on revenue of $230.1 million. DraftKings does not expect its future plans to be impacted by the coronavirus shut down as long as sports return by 2021, CEO Jason Robins said.. Robins’ comments came on the company’s first earnings call as a public company after merging with platform provider SBTech.The combined companies reported $113.4 million in revenue and a net loss of $74 million, or 22 cents per share. View All. The DraftKings earnings report also includes a net loss of $161.44 million. May 07, 2021, 08:30 AM ET. Revenue of $24,197,000,000 higher by … May 28, 2021. These results are very strong … Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). 0001104659-21-080392.rtf. Events. BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported financial results for the second quarter of 2020. By taking the current earnings estimate and dividing it by the estimate from 60 days ago, you can see what percentage the estimates have changed. DraftKings said it has 1.5 million monthly unique payers as of its fourth quarter. DraftKings Inc. (DKNG) latest earnings report: revenue, EPS, surprise, history, news and analysis. Start Time: 08:30 January 1, 0000 8:32 AM ET. Earnings: The amount and date of latest Earnings Per Share (EPS) paid out to shareholders. Coca-Cola Share Price Forecast Q2 2021; Gold, stock future fall as US Federal Reserve sees rate rising sooner; DraftKings shares bounce as supporters step up to rebuke short-seller claims; Why are Oracle shares falling despite earnings beat? Little Has Changed for DraftKings Stock. On a recent call, DraftKings … Vince Johan — Credit Suisse — Analyst. Oil stocks advance as threat of Iranian deal takes the back seat An amendment to a SC 13D filing. Diluted earnings per share for the quarter was $0.42 per share, flat to last year. DraftKings, Inc. (NASDAQ: DKNG) Q2 2020 Earnings Call Highlights. While those competitions are less popular, DraftKings wrote in its Q2 earnings presentation that the COVID-19 pandemic is “driving great response rates to advertising.” DraftKings's earnings date is Aug 12, 2021. DraftKings Stock Dips On Mixed Bag Of Q2 Results, With $71 Million In Revenue. DraftKings Sportsbook is available in Virginia through the DraftKings Sportsbook app and DraftKings Sportsbook website and offers dozens of American and international sports for users to bet on. Listen to Webcast. This will be its first quarterly-earnings release … 0001104659-21-080392.pdf. June 11, 2021. DraftKings DKNG is set to report second-quarter 2020 results on Aug 14. DraftKings, Inc. Stock Earnings Report. The company also raised its fiscal year 2021 revenue guidance to a range of $1.05 billion to $1.15 billion from $900 million to $1 billion. Overall, the Q2 release and the tax news change little for DraftKings stock. EPS: The annual earnings per share. For example: if … Find DraftKings earnings date updates and upcoming DraftKings earnings report Aug 13, 2021 as well as EPS Forecast and DKNG top analyst price target consensus for DraftKings. Statement of changes in beneficial ownership of securities. It is based on a 36-month historical regression of the return on the stock onto the return on the S&P 500. The company said it expects 2021 revenue of $1.05 billion to $1.15 billion. Jason Park — Chief Finance Officer. The Algorithm predicts "% Predicted Move After Earnings Announcement" (PMAEA) for DKNG three weeks prior to earnings date. March 9, 2021 from 9:00 AM to 12:00 PM EST . DraftKings, Inc. (NASDAQ: DKNG) Q3 2020 earnings call dated Nov. 13, 2020Corporate Participants: R. Stanton Dodge — Chief Legal Officer. The intriguing bull case remains. DraftKings Inc. (DKNG) Q1 2021 Earnings Call Transcript DKNG earnings call for the period ending March 31, 2021. The company also has an impressive long-term earnings … Research Tools. Pro forma means that we are including B2B for the entire period of Q2 rather than just from the April 24 through June 30 period. Posted on August 14, 2020. by Brad Allen. We’re proud to announce that we delivered $75 million of pro forma revenue in Q2 2020. FY Report Date: 12/2021: Last Quarter's Earnings-0.87: Year Ago Earnings-1.90: Current Quarter's Estimate-0.53: Current Year's Estimate-2.32: Median PE … Last updated on: August 14, 2020, 12:12h. Chad Beynon — Macquarie — Analyst DraftKings Whiffs on Q2 Earnings, but a Sports Restart Should Help in Q3 Revenue for the period jumped after some "creative" initiatives were launched. Date; Earnings Report-0.526 USD : Q2 2021 Earnings Release: 08/13/2021: Earnings Report-0.791 USD : Q3 2021 Earnings Release: 11/12/2021: Earnings Report - Q4 2021 Earnings … The Nasdaq-listed sportsbook operator beat revenue forecasts with $71 million in Q2 vs consensus estimates of $64.4 million. DraftKings, Inc. Stock Earnings Report NASDAQ: DKNG. DraftKings (DKNG Quick Quote DKNG - Free Report) is set to report second-quarter 2020 results on Aug 14. DraftKings Inc has confirmed Earnings date and time. Posted on: August 14, 2020, 10:05h. This will be its first quarterly-earnings release after the company began trading on the Nasdaq on Apr 24, 2020, post completing the previously announced business combination among DraftKings, SBTech and Diamond Eagle Acquisition Corp. DraftKings clock at UFC venue. There are also many different bet types that are unique to DraftKings such as live, in-game betting, Sportsbook Pools and Teasers+. As a result, analysts are calling for a net loss of $0.63 per share and $496.36 million in revenue for the fiscal full year. Company Participants. DraftKings DKNG is set to report second-quarter 2020 results on Aug 14. ... 2020 (Q2)-0.20 /-0.55. 4. Add DKNG to your watchlist to be reminded of . The cash balance is the result of a follow-on equity offering in June when it … Q2 2021 Earnings Results: 05/07/2021 : Earnings Results: Q1 2021 Earnings Results: 04/28/2021 12:30 EST: AGM: 2020 Annual General Meeting: 02/26/2021 : Earnings Results: Q4 2020 Earnings Results: 02/26/2021 08:30 EST: Earnings Calls: Q4 2020 Earnings Call: 11/13/2020 : Earnings Results: Q3 2020 Earnings Results: 11/13/2020 08:30 EST: Earnings Calls: Q3 2020 Earnings … View HTML. Knowing PMAEA for DKNG three weeks before Earnings Announcement can provide unique advantages in trading Earnings. Draftkings (DKNG) reported a 1st Quarter March 2021 loss of $0.78 per share on revenue of $312.3 million. Recently, states have been more and more willing to open the door to Draftkings Misses. News Smart Portfolio Markets. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.5. The reported EPS for the same quarter last year was $-0.18. Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. ... DKNG boasts an impressive year-to-date … DraftKings Tumbles as Q2 Loss Exceeds Estimates, Forecasts Full Year Revenue up to $540 Million. DraftKings stock closed up nearly 6.5%, after the company reported fourth quarter earnings early Friday. DraftKings, Inc. ( NASDAQ: DKNG) Q3 2020 earnings call dated Nov. 13, 2020 Ladies and gentlemen, thank you for standing by, and welcome to the DraftKings Q3 2020 Earnings Call. [Operator Instructions] I’d now like to introduce your host for this conference call. Mr. Stanton Dodge, you may begin. 0001104659-21-080392.xls. That’s 474.3% worse than a loss of $28.11 million from the second quarter of …
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