DraftKings Q4 2023 Adj EPS $0.29 Beats $0.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings (NASDAQ:DKNG) reported Q4 2023 adjusted EPS of $0.29, surpassing the $0.08 estimate by 262.5%. However, its quarterly sales of $1.23 billion fell short of the $1.24 billion estimate by 0.77%, marking a 43.95% increase from the previous year.
February 15, 2024 | 9:26 pm
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DraftKings reported a significant beat on Q4 2023 EPS estimates but slightly missed revenue forecasts. Year-over-year sales saw a substantial increase.
The substantial beat on EPS estimates is likely to positively impact investor sentiment and DKNG's stock price in the short term, despite the slight miss on revenue forecasts. The significant year-over-year sales growth further supports a positive outlook.
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