Earnings Preview For DraftKings
Portfolio Pulse from Benzinga Insights
DraftKings (NASDAQ:DKNG) is anticipated to report an EPS of $0.08 in its upcoming quarterly earnings on February 15, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for future growth. DraftKings has a history of beating EPS estimates, leading to significant share price increases. The stock has seen a 142.34% rise over the last 52 weeks, trading at $42.69 as of February 13.
February 14, 2024 | 2:01 pm
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DraftKings is expected to report an EPS of $0.08 for the upcoming quarter, with a history of beating estimates and providing positive guidance. The stock has significantly appreciated over the past year.
Given DraftKings' history of surpassing EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term price movement if the trend continues. The anticipation of positive guidance could further bolster investor confidence, contributing to potential stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100