DraftKings Inc. is a NASDAQ listed company with a market cap of 9.21 bln USD. It’s stock price has increased by 15.33% in the last 24 hours and currently trades at 20.54 USD, which is close to its all-time high of 25.01 USD reached back in 2021. Analyzing the revenue of DraftKings Inc., we can make some calculated conclusions regarding its financial performance and condition.
Back in February 2023, DraftKings reported an estimated revenue of 433 mln USD but no EPS due to seasonality factors. This was followed by a positive surprise in November 2022 as the company reported 501 mln USD in revenue and an EPS of -1 USD, beating analyst estimates slightly. In August 2022, earnings were poor as the company could not report any revenue but did post an EPS of -0.5 USD, below analyst estimates for that quarter. May 2022 saw 417 mln USD in revenues and an EPS of -0.74 USD, both slightly above analyst expectations for that period. Lastly, February 2022 saw results in line with analyst expectations as it reported 473 mln USD in revenues and an EPS of -0.8 USD
Overall, it appears that DraftKings Inc.’s finances are improving over time given the steady increase in revenues as well as beating analyst estimates for 3 out 5 quarters discussed hereand Trading at just shy of its all time high stock price shows strong investor confidence in the business’s future growth prospects
