DraftKings (DKNG) Projected to Post Earnings on Thursday

DraftKings (NASDAQ:DKNG) is expected to be announcing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect DraftKings to announce earnings of ($0.4039) per share and revenue of $1.40 billion for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Friday, November 6, 2026 at 8:30 AM ET.

DraftKings (NASDAQ:DKNG) last released its earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. DraftKings had a negative net margin of 2.68% and a negative return on equity of 11.26%. DraftKings’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, analysts expect DraftKings to post $0.36 EPS for the current fiscal year and $1.21 EPS for the next fiscal year.

DraftKings Stock Down 0.8%

NASDAQ:DKNG opened at $21.63 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.22. DraftKings has a twelve month low of $18.35 and a twelve month high of $36.98. The company has a market cap of $10.74 billion, a PE ratio of -56.89, a P/E/G ratio of 2.29 and a beta of 1.61. The company’s 50 day moving average is $21.78 and its two-hundred day moving average is $24.30.

Analyst Ratings Changes

Several equities research analysts have recently commented on DKNG shares. Barclays lowered their price objective on shares of DraftKings from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Wells Fargo & Company upped their target price on DraftKings from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Morgan Stanley reduced their target price on DraftKings from $36.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Citigroup lowered their price target on DraftKings from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. dropped their price target on DraftKings from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

Insider Activity

In related news, Director Jocelyn Moore sold 10,759 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $24.05, for a total transaction of $258,753.95. Following the completion of the transaction, the director owned 1,881 shares of the company’s stock, valued at $45,238.05. This trade represents a 85.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 47.18% of the stock is currently owned by company insiders.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Needham maintains a Buy rating: Needham lowered its price target from $35 to $30 but said DraftKings’ recent selloff went too far. The new target still implies substantial upside from the referenced share price, providing support for the stock. Needham’s $30 Target Says DraftKings’ Selloff Went Too Far
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street’s average brokerage recommendation continues to suggest DraftKings is a potential buy, although the article cautions that sell-side ratings can be overly optimistic and should not be used in isolation. Is DraftKings a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Q3 earnings are approaching: Analysts are examining DraftKings’ expected September-quarter revenue, earnings and operating metrics. The previews may increase attention on customer activity, sportsbook performance and profitability, but they do not provide a definitive earnings result. DraftKings Q3 Earnings on the Horizon
• Negative Sentiment: October sportsbook results were unfavorable: Susquehanna’s proprietary model indicated that sports-betting outcomes remained unfavorable for bookmakers in October. Such results could pressure DraftKings’ sportsbook hold and near-term earnings expectations, contributing to earlier weakness in the shares. DraftKings Shares Decline on Unfavorable October Sports Betting Hold

DraftKings Company Profile

DraftKings Inc is a digital sports entertainment and gaming company that operates online and mobile platforms for sports betting, casino gaming and daily fantasy sports. Its offerings include the DraftKings Sportsbook, DraftKings Casino and daily fantasy contests covering a range of professional and collegiate sports.

The company also provides related entertainment and media content through DraftKings Network, along with free-to-play games, promotions and other interactive products designed to complement its sports and gaming platforms.