DraftKings (DKNG) ended trading at $20.94, up 2% but underperforming broader markets. The stock has declined 3.39% over the past month.
While the company is expected to report revenue growth of 23.31% for the upcoming quarter and 11% for the full year, analyst estimates have decreased 19.05% over the last 30 days, resulting in a Zacks Rank #5 (Strong Sell) rating. The stock trades at a Forward P/E of 22.81, significantly above the industry average of 15.73.