“`html
DraftKings Inc. (DKNG) reported a quarterly loss of $0.60 per share for the period ending September 2024, exceeding the Zacks Consensus Estimate of a loss of $0.42. This marks a slight improvement from a loss of $0.61 per share during the same period last year. Additionally, the company recorded revenues of $1.1 billion, falling short of expectations by 2.34% compared to $789.96 million from the previous year.
The results indicate a -42.86% earnings surprise, and over the last four quarters, DraftKings has outperformed consensus estimates only once. While the stock has increased by 8.5% since the start of the year, it still underperformed the S&P 500, which gained 24.3% in the same timeframe.
Looking ahead, the consensus EPS estimate for the upcoming quarter is $0.28 on forecasted revenues of $1.77 billion, and for the fiscal year, it is expected at -$0.31 on $5.17 billion in revenues. The Zacks industry rank for Gaming currently places it in the bottom 36% of over 250 Zacks industries.
“`
