DraftKings Quarterly Earnings Report: A Continued Growth Story

DraftKings, the leading online sports-betting company, is scheduled to report its quarterly earnings after markets close on Thursday. Investors are eagerly anticipating the results to see if DraftKings can maintain its impressive growth trajectory.

According to analysts surveyed by FactSet, the consensus estimate for DraftKings' earnings per share is 8 cents, with projected sales of $1.24 billion. It's worth noting that a year ago, the company reported a per-share loss of 53 cents on revenue of $855 million.

Furthermore, analysts are also predicting an increase in monthly unique payers to 3.51 million from the previous quarter's 2.3 million. Additionally, they expect average revenue per monthly unique payer to rise from $114 to $119.65.

As of the latest trading session, DraftKings stock was up 0.7% to reach $44.20. Over the past 12 months, shares have experienced an astounding 148% surge.

The gambling sector has been buzzing with activity lately. Just last month, Flutter Entertainment, the parent company of FanDuel, made its debut on the New York Stock Exchange. Furthermore, Penn Entertainment encountered a setback as its new sports betting platform launch contributed to a wider-than-expected loss.

With such intense competition in the industry, investors will undoubtedly compare DraftKings' quarterly report to those of its rivals.