DraftKings (DKNG) Stock Falls 15% On Q3 Earnings
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November 4, 2022 1:08 PM EDT
Morgan Stanley analyst Ed Young reiterated an Overweight rating and $30.00 price target on DraftKings Inc. (NASDAQ: DKNG) following results and the firm's thoughts on cash and guidance.
The analsyt commented, "Investor focus after DraftKings' Q3 results has been on 1/ concern around the FY23... More
November 4, 2022 9:51 AM EDT
DraftKings (NASDAQ: DKNG) reported Q3 EPS of ($1.00), versus $0.00 reported last year. Revenue for the quarter came in at $501.94 million versus the consensus estimate of $431.02 million.
GUIDANCE:
DraftKings sees FY2022 revenue of $2.16-2.19 billion, versus the consensus of $2.14 billion.
For earnings history and earnings-related data on DraftKings (DKNG) click here.
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November 4, 2022 7:02 AM EDT
DraftKings (NASDAQ: DKNG) reported Q3 revenue $502 million versus the consensus estimate of $431.02 million.
GUIDANCE:
DraftKings sees Q4 2022 revenue of $2.16-2.19 billion, versus the consensus of $2.14 billion.
For earnings history and earnings-related data on DraftKings (DKNG) click here.
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November 2, 2022 8:05 AM EDT
Cowen analyst Stephen Glagola lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $35.00 (from $50.00) while maintaining a Outperform rating.... More
