DraftKings (DKNG) Expected to Announce Quarterly Earnings on Thursday

DraftKings (NASDAQ:DKNG) is expected to be announcing its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.6359 billion for the quarter. Parties can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Friday, May 8, 2026 at 8:30 AM ET.

DraftKings Price Performance

DKNG traded up $0.25 during trading on Tuesday, hitting $23.82. The company’s stock had a trading volume of 4,938,374 shares, compared to its average volume of 14,349,762. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of -596.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.67. The firm’s 50 day moving average price is $23.42 and its two-hundred day moving average price is $28.70. DraftKings has a 12 month low of $20.46 and a 12 month high of $48.78.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DKNG. The Goldman Sachs Group decreased their price objective on shares of DraftKings from $54.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $30.00 target price on shares of DraftKings in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft downgraded DraftKings from a “hold” rating to a “hold” rating in a research note on Friday, April 24th. Stephens began coverage on DraftKings in a report on Friday, April 24th. They issued an “overweight” rating for the company. Finally, Argus lowered DraftKings from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Twenty-seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.84.

Insiders Place Their Bets

In other news, Director Jocelyn Moore sold 2,150 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $25.60, for a total transaction of $55,040.00. Following the completion of the sale, the director owned 1,406 shares of the company’s stock, valued at $35,993.60. This represents a 60.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Erik Bradbury sold 2,883 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.56, for a total transaction of $70,806.48. Following the completion of the sale, the chief accounting officer directly owned 38,168 shares in the company, valued at $937,406.08. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 496,718 shares of company stock valued at $12,477,308 in the last quarter. 47.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in DraftKings in the 4th quarter valued at approximately $528,000. Compound Planning Inc. acquired a new position in DraftKings during the fourth quarter worth $2,079,000. Strive Financial Group LLC acquired a new position in DraftKings during the fourth quarter worth $147,000. Mercer Global Advisors Inc. ADV grew its position in DraftKings by 21.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 167,110 shares of the company’s stock valued at $5,759,000 after purchasing an additional 29,340 shares in the last quarter. Finally, FAS Wealth Partners Inc. grew its position in DraftKings by 27.1% in the fourth quarter. FAS Wealth Partners Inc. now owns 12,167 shares of the company’s stock valued at $419,000 after purchasing an additional 2,592 shares in the last quarter. 37.70% of the stock is owned by institutional investors and hedge funds.

About DraftKings

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.