DraftKings (DKNG) Projected to Release Earnings on Thursday

DraftKings (NASDAQ:DKNG) is projected to announce its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.4102) per share and revenue of $1.39 billion for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Friday, November 6, 2026 at 8:30 AM ET.

DraftKings (NASDAQ:DKNG) last posted its earnings results on Friday, August 7th. The company reported $0.09 earnings per share (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 quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, analysts expect DraftKings to post $0.31 EPS for the current fiscal year and $1.17 EPS for the next fiscal year.

DraftKings Stock Performance

Shares of DKNG stock opened at $21.93 on Wednesday. DraftKings has a 52 week low of $18.35 and a 52 week high of $36.98. The company has a 50-day simple moving average of $21.70 and a 200 day simple moving average of $24.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.22.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Needham reiterated a “buy” rating and sees the recent selloff as excessive, with a $30 price target. Bernstein also kept its “outperform” rating, though it lowered its target to $27 from $29. Needham’s $30 Target Says DraftKings’ Selloff Went Too Far Bernstein price target update
• Neutral Sentiment: Q3 previews point to sportsbook momentum and growth in iGaming and Predictions, but elevated marketing expenses and investment could limit profit gains. Investors are likely to focus on these trends when results are reported. DKNG Gears Up for Q3 Earnings: Sportsbook Growth & Costs in Focus
• Negative Sentiment: Susquehanna’s estimates indicated unfavorable October sports-betting hold for bookmakers, a near-term headwind that contributed to pressure on DraftKings shares. DraftKings Shares Decline as Susquehanna Reports Unfavourable October Sports Betting Hold
• Negative Sentiment: Growing competition in prediction markets and ongoing regulatory uncertainty remain risks to DraftKings’ expansion and investor outlook. DraftKings Faces Increasing Competition in Prediction Markets

Analyst Upgrades and Downgrades

DKNG has been the subject of a number of research reports. UBS Group dropped their target price on DraftKings from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, September 18th. Wall Street Zen downgraded shares of DraftKings from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Stifel Nicolaus reduced their price objective on shares of DraftKings from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DraftKings from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company boosted their target price on shares of DraftKings from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, DraftKings has a consensus rating of “Moderate Buy” and an average price target of $32.79.

Insider Activity

In other news, Director Jocelyn Moore sold 10,759 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was 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 approximately $45,238.05. The trade was a 85.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 47.18% of the company’s stock.

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.