DraftKings (NASDAQ:DKNG – Get Free Report) is expected to be posting its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect DraftKings to post earnings of $0.0218 per share and revenue of $1.5151 billion for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning results 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 earnings results on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). DraftKings had a net margin of 0.93% and a return on equity of 13.51%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, analysts expect DraftKings to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
DraftKings Stock Up 0.1%
DraftKings stock opened at $23.50 on Tuesday. The firm has a 50 day moving average price of $25.50 and a 200-day moving average price of $25.22. 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 twelve month low of $20.46 and a twelve month high of $48.78. The company has a market capitalization of $11.66 billion, a P/E ratio of 391.67 and a beta of 1.66.
Insiders Place Their Bets
Institutional Investors Weigh In On DraftKings
Hedge funds and other institutional investors have recently modified their holdings of the stock. Viking Global Investors LP bought a new position in DraftKings in the third quarter valued at $561,125,000. AQR Capital Management LLC lifted its stake in DraftKings by 41.0% during the fourth quarter. AQR Capital Management LLC now owns 16,474,009 shares of the company’s stock worth $567,694,000 after purchasing an additional 4,788,337 shares during the last quarter. Cadian Capital Management LP boosted its holdings in shares of DraftKings by 297.8% in the 4th quarter. Cadian Capital Management LP now owns 5,524,221 shares of the company’s stock worth $190,365,000 after purchasing an additional 4,135,461 shares in the last quarter. Spruce House Investment Management LLC increased its position in shares of DraftKings by 1,301.3% during the 4th quarter. Spruce House Investment Management LLC now owns 4,203,834 shares of the company’s stock valued at $144,864,000 after purchasing an additional 3,903,834 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in DraftKings by 32.0% in the 4th quarter. ARK Investment Management LLC now owns 4,540,766 shares of the company’s stock worth $156,475,000 after buying an additional 1,101,850 shares during the last quarter. 37.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on DKNG shares. Sanford C. Bernstein reissued an “outperform” rating on shares of DraftKings in a report on Thursday, June 11th. Scotiabank upgraded DraftKings to an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on DraftKings from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Wedbush assumed coverage on DraftKings in a research note on Friday, April 24th. They issued an “outperform” rating on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DraftKings in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, DraftKings currently has an average rating of “Moderate Buy” and a consensus target price of $34.37.
Check Out Our Latest Analysis on DKNG
DraftKings Company Profile
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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