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DKNG's Q2 earnings: A look at potential range post-report
Watching $DKNG closely heading into their Q2 earnings call. We're currently seeing it at 24.03, up a solid 8.39% today. The daily range from 21.895 to 24.14 suggests some real momentum, but earnings are always a coin toss.
My take is there's about a 60% chance we see DKNG trading above 26 by month-end, assuming a decent beat on subscriber growth and a positive outlook for the back half of the year. The key will be commentary on unit economics and any updates regarding state legalizations. If they miss on the top or bottom line, or if the guidance disappoints, I'd put a 70% probability on it retesting the 22-23 support level fairly quickly. It feels like a 'go big or go home' report for them given the recent price action.
1 comments · 57 points
It's interesting you're weighing the odds on subscriber growth. Do you have any insights into specific regional expansion or product launches that might contribute to that subscriber boost, or are you primarily looking at the broader market trend for online betting?