DraftKings Analyst Cautious On Q2, But Optimistic About NFL Season: 'Well-Positioned To Execute' In Second Half Of Year
DraftKings Analyst Cautious On Q2, But Optimistic About NFL Season: 'Well-Positioned To Execute' In Second Half Of Year
An analyst says sports betting company DraftKings Inc (NASDAQ:DKNG) could have a challenging second quarter report, but remains optimistic ahead of the 2024 NFL season.
一位分析师表示，体育博彩公司draftkings股份有限公司（纳斯达克：DKNG）可能在第二季度报告中遭遇挑战，但仍然对2024年全国橄榄球联赛赛季持乐观态度。
The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target from $54 to $50.
美国银行分析师肖恩·C·凯利重申了对draftkings的买入评级，并将目标价从54美元下调到50美元。
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The Analyst Takeaways: Near-term pressure and a potential second-quarter earnings miss could prove difficult for DraftKings, Kelley said.
凯利表示，短期存在的压力和潜在的第二季度盈利差距可能对draftkings构成困难。
The analyst lowers Q2 EBITDA estimates to $130 million, compared to guidance of $150 million from the company.
该分析师将Q2 EBITDA预期下调至1.3亿美元，而公司的指导预期为1.5亿美元。
"We think a 2Q miss is expected by investors, and think focus will be on the 2024 guide and outlook for customer acquisition," Kelley said.
“我们认为，投资者预计会出现第二季度的错过，而关注点将放在2024年的指导和客户获取前景上，”凯利说。
DraftKings reports second quarter financial results after market close on Aug. 1.
draftkings将于8月1日盘后公布第二季度财报。
The analyst said key questions ahead of the earnings report include customer acquisition, gross margins in the sports betting sector and any changes to forward EBITDA guidance.
分析师表示，财报公布前的关键问题包括客户获取、体育博彩业的毛利率以及前瞻性EBITDA指导的任何变化。
Another key concern ahead of the earnings report is DraftKings' competitor FanDuel, which is a unit of Flutter Entertainment (NYSE:FLUT). The report shows a Q2 online sports betting market share of 33% for DraftKings versus FanDuel's 45%. In the first quarter, DraftKings trailed FanDuel 36% to 44%.
财报公布前的另一个关键问题是draftkings的竞争对手FanDuel。其是Flutter Entertainment（NYSE：FLUT）的一部分。报告显示，第二季度在线体育博彩市场份额为draftkings的33％，而FanDuel的份额为45％。今年第一季度，draftkings的份额为36％，FanDuel的份额为44％。
Conservative guidance of 30% EBITDA flow-through is cited as a reason the analyst is cautious on DraftKings going forward. However, the analyst believes DraftKings can have higher flow-through than its competitors.
谨慎预测30％ EBITDA的净现金流是分析师担心draftkings前进的一个原因。然而，分析师认为draftkings的净现金流通过率可以比其竞争对手更高。
Kelley believes FanDuel could have improved in the second quarter with strength tied to NBA betting. For DraftKings, its strong presence in the NFL betting segment could help power the second half of the fiscal year.
凯利认为FanDuel在第二季度可能会有所改善，这与NBA的投注有关。对于draftkings而言，其在NFL博彩领域的强势表现可能有助于推动财年下半年的增长。
"We think DKNG is still well-positioned to execute during 2H and NFL season where it tends to excel, and see both easier hold comps ahead and strong handle share growth in Q2 as positive signs."
“我们认为DKNG仍然有足够的机会在财年下半年和NFL季节中执行，并且看到更容易的保留比前面更强的信号。”
DKNG Price Action: DraftKings shares were down 0.24% to $36.84 on Monday, versus a 52-week trading range of $25.41 to $49.57. DraftKings shares are up 19.3% over the last year.
DKNG股票价格走势：周一收盘，draftkings股价下跌0.24％至36.84美元，52周交易区间为25.41美元至49.57美元。draftkings股价在过去一年中上涨了19.3％。
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