DraftKings Q2 2024 Adj. EPS $0.22 Beats $(0.01) Estimate, Sales $1.104B Miss $1.113B Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings (NASDAQ:DKNG) reported Q2 2024 adjusted EPS of $0.22, significantly beating the $(0.01) estimate. However, sales of $1.104 billion slightly missed the $1.113 billion estimate, though they increased by 26.18% year-over-year.
August 01, 2024 | 8:16 pm
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DraftKings reported Q2 2024 adjusted EPS of $0.22, beating the $(0.01) estimate by a wide margin. However, sales of $1.104 billion missed the $1.113 billion estimate by 0.76%, though they increased by 26.18% year-over-year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The strong year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100