DraftKings Inc
General ticker "DKNG" information:
- Sector: Consumer Discretionary
- Industry: Hotels, Restaurants & Leisure
- Capitalization: $20.5B
DraftKings Inc follows the US Stock Market performance with the rate: 24.8%.
Estimated limits based on current volatility of 2.6%: low 38.15$, high 40.16$
Factors to consider:
- US accounted for 98.1% of revenue in the fiscal year ended 2023-12-31
- Price in estimated range
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [23.09$, 50.18$]
- 2024-12-30 to 2025-12-30 estimated range: [20.41$, 45.21$]
Financial Metrics affecting the DKNG estimates:
- Negative: Non-GAAP EPS, $ of -1.75 <= 0.10
- Negative: Operating profit margin, % of -17.72 <= 1.03
- Negative: Operating cash flow per share per price, % of -0.01 <= 2.35
- Negative: negative Net income
- Positive: 6.94 < Industry operating cash flow per share per price (median), % of 8.40
- Positive: 1.31 < Industry earnings per price (median), % of 3.88
Short-term DKNG quotes
Long-term DKNG plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $1,296.03MM | $2,240.46MM | $3,665.39MM |
| Operating Expenses | $2,857.64MM | $3,752.22MM | $4,454.62MM |
| Operating Income | $-1,561.62MM | $-1,511.76MM | $-789.23MM |
| Non-Operating Income | $43.97MM | $68.80MM | $-2.03MM |
| Interest Expense | $1.96MM | $18.70MM | $2.68MM |
| R&D Expense | $253.66MM | $318.25MM | $355.16MM |
| Income(Loss) | $-1,517.64MM | $-1,442.96MM | $-791.25MM |
| Taxes | $8.27MM | $-67.87MM | $10.17MM |
| Other Income(Loss) | $2.72MM | $-2.90MM | $-0.72MM |
| Profit(Loss) | $-1,523.19MM | $-1,377.99MM | $-802.14MM |
| Stockholders Equity | $1,678.53MM | $1,322.69MM | $840.31MM |
| Inventory | $476.95MM | $469.65MM | $0.00MM |
| Assets | $4,069.05MM | $4,040.15MM | $3,944.87MM |
| Operating Cash Flow | $-419.51MM | $-625.52MM | $-1.75MM |
| Capital expenditure | $98.28MM | $103.64MM | $113.39MM |
| Investing Cash Flow | $-195.02MM | $-208.77MM | $-90.36MM |
| Financing Cash Flow | $1,138.81MM | $-16.73MM | $-63.22MM |
| Earnings Per Share* | $-3.79 | $-3.15 | $-1.73 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.