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. ... DKNG boasts an impressive year-to-date … Earnings per share were up 525.42% over the past year to $3.69, which beat the estimate of $2.25. 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. 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. Revenue of $24,197,000,000 higher by … The Algorithm predicts "% Predicted Move After Earnings Announcement" (PMAEA) for DKNG three weeks prior to earnings date. On a recent call, DraftKings … Events. Statement of changes in beneficial ownership of securities. DraftKings clock at UFC venue. 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. Jason Robins — Chief Executive Officer, Cofounder. 4. DraftKings Stock Dips On Mixed Bag Of Q2 Results, With $71 Million In Revenue. Company Participants. Vince Johan — Credit Suisse — Analyst. DraftKings, Inc. (NASDAQ: DKNG) Q2 2020 Earnings Call Highlights. BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported financial results for the second quarter of 2020. Listen to Webcast. Posted on: August 14, 2020, 10:05h. Earnings: The amount and date of latest Earnings Per Share (EPS) paid out to shareholders. The DraftKings earnings report also includes a net loss of $161.44 million. DraftKings stock closed up nearly 6.5%, after the company reported fourth quarter earnings early Friday. Chad Beynon — Macquarie — Analyst The consensus estimate was a loss of $0.42 per share on revenue of $230.1 million. The company also has an impressive long-term earnings … DraftKings last posted its quarterly earnings data on May 7th, 2021. DraftKings, Inc. Stock Earnings Report NASDAQ: DKNG. 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. An amendment to a SC 13D filing. 0.016-3556.25% (-0.57) DraftKings Inc. (NASDAQ:DKNG) Q1 2021 Earnings Conference Call. 0001104659-21-080392.rtf. DraftKings Tumbles as Q2 Loss Exceeds Estimates, Forecasts Full Year Revenue up to $540 Million. This will be its first quarterly-earnings release … That’s 474.3% worse than a loss of $28.11 million from the second quarter of … DraftKings Inc has confirmed Earnings date and time. Recently, states have been more and more willing to open the door to EPS: The annual earnings per share. 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. March 9, 2021 from 9:00 AM to 12:00 PM EST . Little Has Changed for DraftKings Stock. DraftKings DKNG is set to report second-quarter 2020 results on Aug 14. June 11, 2021. DraftKings' (DKNG) second-quarter 2020 results are expected to reflect strong demand for iGaming and expanding footprint in new states despite coronavirus-related headwinds. Research Tools. 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. Start Time: 08:30 January 1, 0000 8:32 AM ET. The cash balance is the result of a follow-on equity offering in June when it … DraftKings, Inc. (NASDAQ: DKNG) Q3 2020 earnings call dated Nov. 13, 2020Corporate Participants: R. Stanton Dodge — Chief Legal Officer. DraftKings shares fell on Friday morning as the company posted a mixed set of Q2 results. “…We had a strong second quarter given the limited sports calendar with second quarter pro forma revenue of $75 million. DraftKings, Inc. Stock Earnings Report. We’re proud to announce that we delivered $75 million of pro forma revenue in Q2 2020. In the second quarter of 2020, DraftKings missed earnings by 100%, reporting an EPS of -0.55 instead of the expected -0.19. 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 … DraftKings ended the quarter with more than $1.2 billion in cash and zero debt on the balance sheet. View HTML. Posted on August 14, 2020. by Brad Allen. May 07, 2021, 08:30 AM ET. Last updated on: August 14, 2020, 12:12h. 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. It is on Fri 7 May (36 days ago). Draftkings Misses. Analysts: Michael Graham — Canaccord — Analyst. DraftKings's earnings date is Aug 12, 2021. DraftKings Inc. (DKNG) latest earnings report: revenue, EPS, surprise, history, news and analysis. 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 … June 7, 2021 at 2:25 PM EDT Goldman Sachs Travel and Leisure Conference. DKNG 's next earnings announcement. The intriguing bull case remains. Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). Current P/E ratio: -15.79 | Price (June 15, 2021, EOD): $48.51 (Find … 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? For example: if … 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. 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. 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 … 0001104659-21-080392.xls. Draftkings (DKNG) reported a 1st Quarter March 2021 loss of $0.78 per share on revenue of $312.3 million. There are also many different bet types that are unique to DraftKings such as live, in-game betting, Sportsbook Pools and Teasers+. DraftKings said it has 1.5 million monthly unique payers as of its fourth quarter. 0001104659-21-080392.pdf. These results are very strong … The Nasdaq-listed sportsbook operator beat revenue forecasts with $71 million in Q2 vs consensus estimates of $64.4 million. DraftKings recently reported Q2 earnings of $71 million exceeding analyst expectations of $66.39 million for the quarter. 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. 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. Overall, the Q2 release and the tax news change little for DraftKings stock. 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. News Smart Portfolio Markets. It is based on a 36-month historical regression of the return on the stock onto the return on the S&P 500. undefined. Knowing PMAEA for DKNG three weeks before Earnings Announcement can provide unique advantages in trading Earnings. View All. The Earnings Whisper number was for a loss of $0.44 per share. Diluted earnings per share for the quarter was $0.42 per share, flat to last year. 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 DKNG is set to report second-quarter 2020 results on Aug 14. DraftKings (DKNG Quick Quote DKNG - Free Report) is set to report second-quarter 2020 results on Aug 14. 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. Add DKNG to your watchlist to be reminded of . Oil stocks advance as threat of Iranian deal takes the back seat DraftKings Inc. (DKNG) Q1 2021 Earnings Call Transcript DKNG earnings call for the period ending March 31, 2021. 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 company said it expects 2021 revenue of $1.05 billion to $1.15 billion. Jason Park — Chief Finance Officer. DraftKings Provides International Center for Responsible Gaming with Financial Support for First-of-its-kind Sports Wagering Research . May 28, 2021. ... 2020 (Q2)-0.20 /-0.55.
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