The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries. The Gaming industry is part of the Consumer Discretionary sector. DraftKings is holding a Zacks Rank of #3 (Hold) right now. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988.
To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors should also note any recent changes to analyst estimates for DraftKings. These results would represent year-over-year changes of +18.78% and +65.28%, respectively. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $432.56 million, up 103.25% from the year-ago period.ĭKNG's full-year Zacks Consensus Estimates are calling for earnings of -$3.07 per share and revenue of $2.14 billion. On that day, DraftKings is projected to report earnings of -$0.87 per share, which would represent year-over-year growth of 35.56%. Investors will be hoping for strength from DraftKings as it approaches its next earnings release. This has was narrower than the Consumer Discretionary sector's loss of 13.09% and the S&P 500's loss of 9.22% in that time. Prior to today's trading, shares of the company had lost 2.26% over the past month.
Elsewhere, the Dow gained 2.66%, while the tech-heavy Nasdaq added 0.07%. The stock lagged the S&P 500's daily gain of 2.59%.
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In the latest trading session, DraftKings ( DKNG Quick Quote DKNG - Free Report) closed at $15.40, marking a +1.72% move from the previous day.
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