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Stock impact report

DraftKings (DKNG) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%. Shares of the company witnessed a gain of 10.72% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 9.35% and the S&P 500's gain of 3.67%. The investment community will be closely monitoring the performance of DraftKings in its forthcoming earnings report. In that report, analysts expect DraftKings to post earnings of -$0.42 per share. This would mark year-over-year growth of 31.15%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.11 billion, indicating a 40.68% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.31 per share and revenue of $5.16 billion, which would represent changes of +82.08% and +40.77%, respectively, from the prio Show less Read more
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