DraftKings: Consensus Estimates For Q1 2021

DraftKings (NASDAQ: DKNG) will be reporting its first quarter financial results on May 7th before market open. Analysts have a consensus $73.50 12-month price target on the company, via a total of 26 analysts, with five analysts having strong buy ratings. 13 analysts meanwhile have buy ratings, seven analysts have hold rating and one analyst has a sell rating. The street high comes from Loop Capital with a $105 price target, and the lowest target sits at $41 from Berenberg.

Only 20 analysts have revenue estimates for the first quarter. The mean revenue estimate between all 20 analysts is $232.83 million; this number has been revised higher from $188.66 million at the start of the year. The highest revenue estimate is $321.62 million, while the lowest is $197.7 million.

The analyst consensus for net income for the first quarter is -$178.17 million, which is down since the start of the year. The highest net income estimate is -$131 million, while the lowest is -$321.70 million.

Onto EBITDA estimates, there are currently only 17 analysts who have first-quarter EBITDA estimates. The mean is currently -$139.53 million, with this number having been revised lower from -$72 million at the start of the year. The street high estimate currently sits at -$117.33 million in EBITDA and the lowest is -$163.37 million.

Analysts estimate that quarterly earnings per share will come in at -$0.41, with this number being revised downwards from -$0.27 at the start of the year. Street high is -$0.29 and the lowest estimate is -$0.81 per share for the quarter.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Acreage Holdings: Analyst Q1 2020 Estimates

Tomorrow, Acreage Holdings (CSE: ACRG.u) reports their first quarter 2020 financials after the close of...

Wednesday, June 24, 2020, 06:28:22 PM

Magna: Analysts Upgrade En Masse Following Earnings Beat

On February 19th, Magna International (TSX: MG) announced its fourth quarter and full year financials...

Saturday, February 27, 2021, 01:55:00 PM

BofA: Shifts In Public Perception Driving Change [In Cannabis Legislation] Today

Yesterday, BofA Securities released a cannabis primer that largely focused on Canadian operators, such as...

Friday, December 4, 2020, 12:16:53 PM

Hexo: Canaccord Raises Price Target To $1.25 Following Q1 Results

Yesterday, Hexo Corp (TSX: HEXO) (NYSE: HEXO) released its fiscal first quarter 2021 financial results....

Tuesday, December 15, 2020, 11:05:36 AM

Eldorado Gold: BMO Reiterates $20 Price Target After Skouries Feasibility Study

On December 15th, Eldorado Gold (TSX: ELD) announced the results of the Skouries Project feasibility...

Monday, December 27, 2021, 11:04:00 AM