DraftKings (DKNG, $67.47) beats Q4 earnings expectations
Sports-betting platform DraftKings reported fourth quarter earnings that exceeded analysts’ expectations. It also boosted its 2021 sales guidance on better than expected sports betting activity amid the pandemic.
The company reported an adjusted loss of - 24 cents a share, compared to the loss of -42 cents a share anticipated by analysts polled by FactSet.
Revenue rose to $322.2 million from $162.6 million, also beating analysts expectations of $235.3 million.
Monthly unique payers (MUPs) climbed +44% year-over-year to 1.5 million on average engaged with DraftKings each month during the fourth quarter.
MUPs increased 29% for 2020, which includes COVID-19 impact on MUPs for Sportsbook and DFS primarily during the second quarter and early in the third quarter, according to the company.
For the full fiscal year 2021, the company boosted its revenue guidance to a range of $900 million to $1 billion from a range of $750 million to $850 million.
DKNG's Stochastic Oscillator is sitting in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Show more
Notable companies
The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).
Industry description
Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.
Market Cap
The average market capitalization across the Casinos/Gaming Industry is 5.51B. The market cap for tickers in the group ranges from 152.98K to 38.96B. LVS holds the highest valuation in this group at 38.96B. The lowest valued company is ROBK at 152.98K.
High and low price notable news
The average weekly price growth across all stocks in the Casinos/Gaming Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -5%. GLXZ experienced the highest price growth at 96%, while SLNA experienced the biggest fall at -34%.
Volume
The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 366%. For the same stocks of the Industry, the average monthly volume growth was 306% and the average quarterly volume growth was 585%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 67
Price Growth Rating: 63
SMR Rating: 72
Profit Risk Rating: 84
Seasonality Score: 0 (-100 ... +100)