These Analysts Slash Their Forecasts On DraftKings After Q1 Results

Benzinga

昨天

DraftKings Inc (NASDAQ:DKNG) reported downbeat first-quarter financial results after market close Thursday.

DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of $1.44 billion according to data from Benzinga Pro. The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.

“Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment,” DraftKings CEO Jason Robins said.

The company lowered its full-year revenue guidance from a previous range of $6.3 billion to $6.6 billion to a new range of $6.2 billion to $6.4 billion. The company also cut its full-year adjusted EBITDA guidance from a range of $900 million to $1.0 billion to a new range of $800 million to $900 million.

DraftKings shares gained 4.4% to trade at $37.83 on Monday.

These analysts made changes to their price targets on DraftKings following earnings announcement.

Needham analyst Bernie McTernan maintained DraftKings with a Buy and lowered the price target from $65 to $60.
Guggenheim analyst Curry Baker maintained the stock with a Buy and lowered the price target from $61 to $60.
Barclays analyst Brandt Montour maintained DraftKings with an Overweight rating and cut the price target from $50 to $48.

Considering buying DKNG stock? Here’s what analysts think:

Read This Next:

Marriott International To Rally More Than 17%? Here Are 10 Top Analyst Forecasts For Monday

Photo via Shutterstock

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Here Are 10 Top Analyst Forecasts For Monday</strong> </li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Slash Their Forecasts On DraftKings After Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Slash Their Forecasts On DraftKings After Q1 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2025-05-12 22:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>DraftKings Inc</strong> (NASDAQ:DKNG) reported downbeat first-quarter financial results after market close Thursday.</p>\n<p>DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of $1.44 billion according to data from Benzinga Pro. The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.</p>\n<p>“Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment,” DraftKings CEO Jason Robins said.</p>\n<p>The company lowered its full-year revenue guidance from a previous range of $6.3 billion to $6.6 billion to a new range of $6.2 billion to $6.4 billion. The company also cut its full-year adjusted EBITDA guidance from a range of $900 million to $1.0 billion to a new range of $800 million to $900 million.</p>\n<p>DraftKings shares gained 4.4% to trade at $37.83 on Monday.</p>\n<p>These analysts made changes to their price targets on DraftKings following earnings announcement.</p>\n<ul>\n<li>Needham analyst Bernie McTernan maintained DraftKings with a Buy and lowered the price target from $65 to $60.</li>\n<li>Guggenheim analyst Curry Baker maintained the stock with a Buy and lowered the price target from $61 to $60.</li>\n<li>Barclays analyst Brandt Montour maintained DraftKings with an Overweight rating and cut the price target from $50 to $48.</li>\n</ul>\n<p><strong>Considering buying DKNG stock? Here’s what analysts think:</strong> </p>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Marriott International To Rally More Than 17%? Here Are 10 Top Analyst Forecasts For Monday</strong> </li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://www.benzinga.com/25/05/45351889/these-analysts-slash-their-forecasts-on-draftkings-after-q1-results","article_id":"2534270585","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534270585","pubTimestamp":1747061378,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","DKNG":"DraftKings Inc.","BK4150":"赌场与赌博","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4565":"NFT概念","BK4588":"碎股"},"translate_title":"这些分析师在第一季度业绩公布后大幅下调了对DraftKings的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"DraftKings Inc (NASDAQ:DKNG) reported downbeat first-quarter financial results after market close Thursday.\nDraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of $1.44 billion according to data from Benzinga Pro. The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.\n“Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment,” DraftKings CEO Jason Robins said.\nThe company lowered its full-year revenue guidance from a previous range of $6.3 billion to $6.6 billion to a new range of $6.2 billion to $6.4 billion. The company also cut its full-year adjusted EBITDA guidance from a range of $900 million to $1.0 billion to a new range of $800 million to $900 million.\nDraftKings shares gained 4.4% to trade at $37.83 on Monday.\nThese analysts made changes to their price targets on DraftKings following earnings announcement.\n\nNeedham analyst Bernie McTernan maintained DraftKings with a Buy and lowered the price target from $65 to $60.\nGuggenheim analyst Curry Baker maintained the stock with a Buy and lowered the price target from $61 to $60.\nBarclays analyst Brandt Montour maintained DraftKings with an Overweight rating and cut the price target from $50 to $48.\n\nConsidering buying DKNG stock? Here’s what analysts think: \nRead This Next: \n\nMarriott International To Rally More Than 17%? Here Are 10 Top Analyst Forecasts For Monday \n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}