DraftKings (DKNG) Expected to Post Earnings on Thursday

by · The Markets Daily

DraftKings (NASDAQ:DKNG – Get Free Report) will likely be announcing its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.0218 per share and revenue of $1.5144 billion for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, August 7, 2026 at 8:30 AM ET.

DraftKings (NASDAQ:DKNG – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. DraftKings had a net margin of 0.93% and a return on equity of 13.51%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. On average, analysts expect DraftKings to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DraftKings Stock Performance

Shares of DKNG opened at $23.61 on Wednesday. The business has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $25.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.03. DraftKings has a 52 week low of $20.46 and a 52 week high of $48.78. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 393.50 and a beta of 1.66.

Insider Buying and Selling

In other DraftKings news, Director Woodrow Levin sold 34,234 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $25.71, for a total value of $880,156.14. Following the completion of the transaction, the director directly owned 29,820 shares in the company, valued at $766,672.20. This represents a 53.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R Stanton Dodge sold 62,500 shares of DraftKings stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $29.68, for a total transaction of $1,855,000.00. Following the sale, the insider owned 556,258 shares in the company, valued at approximately $16,509,737.44. The trade was a 10.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 97,596 shares of company stock worth $2,756,991. 47.18% of the stock is owned by insiders.

Hedge Funds Weigh In On DraftKings

A number of hedge funds and other institutional investors have recently modified their holdings of DKNG. Advisory Services Network LLC bought a new stake in DraftKings in the 3rd quarter valued at $62,000. Triumph Capital Management boosted its holdings in shares of DraftKings by 11,595.5% during the 4th quarter. Triumph Capital Management now owns 2,573 shares of the company’s stock valued at $89,000 after purchasing an additional 2,551 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of DraftKings during the 4th quarter valued at about $147,000. State of Wyoming grew its position in shares of DraftKings by 98.9% during the fourth quarter. State of Wyoming now owns 4,626 shares of the company’s stock valued at $159,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Man Group plc purchased a new position in shares of DraftKings during the second quarter valued at about $220,000. Institutional investors own 37.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DKNG shares. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of DraftKings in a research note on Wednesday, June 24th. Wedbush initiated coverage on shares of DraftKings in a research report on Friday, April 24th. They issued an “outperform” rating for the company. TD Cowen upped their price target on shares of DraftKings from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Citigroup reissued a “market outperform” rating on shares of DraftKings in a research note on Monday, June 22nd. Finally, Citizens Jmp raised their price objective on shares of DraftKings from $34.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.37.

Get Our Latest Analysis on DraftKings

DraftKings Company Profile

(Get Free Report)

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.

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