DKNG
7/1/2025 11:38pm
DraftKings (DKNG) is currently trading at $41.65, which is a 2.89% decrease from the previous day. The stock has been performing well in the past month, with a 19.9% year-over-year revenue growth and a 76.25% net income growth. However, the company's diluted EPS has decreased by 42.36% over the same period.
1. **Revenue and Net Income Growth**: DraftKings has shown strong revenue growth, with a reported total revenue of $1.41 billion in the most recent quarter, representing a 19.9% year-over-year increase. The company's net income for the same period was -$33.86 million, with a significant year-over-year growth of 76.25%.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|DKNG|DKNG.O|DraftKings|2024 Q2|26.23235995688783|1.104441E9|185|
|DKNG|DKNG.O|DraftKings|2024 Q3|38.67716850410845|1.09549E9|185|
|DKNG|DKNG.O|DraftKings|2025 Q1|19.89879114482092|1.408806E9|185|
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|DKNG|DKNG.O|DraftKings|2024 Q2|182.5960916267633|6.3822E7|185|
|DKNG|DKNG.O|DraftKings|2024 Q3|-3.7389218764901817|-2.93688E8|185|
|DKNG|DKNG.O|DraftKings|2025 Q1|76.24712417933898|-3.3864E7|185|
|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|DKNG|DKNG.O|DraftKings|2024 Q2|158.8235294117647|0.1|185|
|DKNG|DKNG.O|DraftKings|2024 Q3|1.6393442622950833|-0.6|185|
|DKNG|DKNG.O|DraftKings|2025 Q1|76.66666666666666|-0.07|185|
2. **Diluted EPS and Growth Rate**: The diluted EPS for DraftKings has decreased to -$0.07 in the most recent quarter, reflecting a 76.67% growth rate, which is a significant decrease from the previous year's EPS. This indicates that while the company is growing its revenue and net income, it is not translating into increased profitability per share.
|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|DKNG|DKNG.O|DraftKings|2024 Q2|182.5960916267633|26.23235995688783|158.8235294117647|185|
|DKNG|DKNG.O|DraftKings|2024 Q3|-3.7389218764901817|38.67716850410845|1.6393442622950833|185|
|DKNG|DKNG.O|DraftKings|2025 Q1|76.24712417933898|19.89879114482092|76.66666666666666|185|
3. **Technical Analysis**: From a technical analysis perspective, DraftKings' stock is currently trading above its 5-day, 10-day, and 20-day moving averages, which are $42.52, $41.51, and $38.89 respectively. This suggests a short-term upward trend. However, when compared to its 30-day, 50-day, and 60-day moving averages of $37.74, $36.58, and $36.09, the stock is trading higher, indicating a potential divergence in the short-term and medium-term moving averages.
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|DKNG|DKNG.O|DraftKings|20250701|42.5260|185|
4. **Analyst Price Targets and Ratings**: DraftKings has received positive analyst coverage, with a current price target set at $65 by some analysts, indicating a potential upside from its last closing price. The consensus rating is "Outperform" according to the average brokerage recommendation, and the GF Value estimate suggests a potential upside of 47.06%.
5. **Challenges and Future Prospects**: DraftKings faces regulatory challenges, including potential tax hikes and legal issues in certain states, which could impact its profitability. However, the company's strategic positioning and growth potential in the gaming and sports entertainment sectors are seen as positive factors.
In conclusion, while DraftKings has shown strong revenue growth and a significant net income increase, the negative diluted EPS growth and regulatory challenges pose risks to its stock performance. The technical indicators suggest a short-term upward trend, but the long-term outlook will depend on the company's ability to manage regulatory issues and maintain its growth trajectory in a competitive market.