DraftKings stock turns up after loss quadruples to miss expectations, but revenue triples to beat forecasts Published: May 7, 2021 at 7:50 a.m. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. And the selloff has only intensified in the days since DraftKings recent Q1 results. The Zacks Consensus Estimate for revenues stands at $222.6 million, indicating an increase of 151.4% from the year-ago period. DraftKings Inc.(NASDAQ:DKNG): Digital sports entertainment and gaming company DraftKings (DKNG) has been benefiting immensely from widened legalization of sports gambling across the U.S. As a result, its shares have returned 144.3% over the past year. However, the stock has declined 10.3% over the past month. DraftKings (DKNG Quick Quote DKNG - Free Report) is set to report first-quarter 2021 results on May 7. While this weakness can be attributed mostly to a lack of clarity on how … Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. 10, 2021 at 4:49 p.m. DraftKings stock continued its recent slide on Wednesday, dropping as low as $42 in early trading. ET DraftKings DKNG is set to report first-quarter 2021 results on May 7. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). DraftKings rose 4.1% premarket after the sports-betting company posted a steeper first-quarter loss, but revenue year-over-year that grew along with the site’s user base. The Zacks Consensus Estimate for revenues stands … ET by MarketWatch Automation DraftKings stock price target cut to … DraftKings also reported $312 million in revenue, ahead of the $236-million consensus analyst estimate. That is down some 43% from its all-time high in late March. Draftkings Inc DKNG shares were retreating Monday after the company reported a better-than-expected loss in the first quarter and raised its full-year guidance.. For the first quarter, DraftKings reported a 36-cent EPS loss on Friday, beating the 41-cent loss analysts expected. DraftKings also raised its full-year 2021 revenue guidance from an old range of between $900 million and $1 billion to a new range of between $1.05 billion and $1.15 billion. The DraftKings Chart: DraftKings’ stock has been trading in a bullish descending channel since March 25, making consistent lower highs and lower lows on the daily chart. DraftKings Inc. Cl A stock underperforms Monday when compared to competitors May. Market Facts
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